Amarchand, Vaish help Macquarie exit Religare wealth management JV

Monday, 2 December 2013 By Legally India Corporate M&A

Amarchand Mangaldas Mumbai corporate partners Ashwath Rau and Aysswarya Murthi acted for the Macquarie Group in the sale of its 50 per cent holding in Religare Macquarie Wealth Management to joint venture partner Religare Enterprises, which was advised by Vaish Associates corporate and banking partner Sandhya Iyer.

The JV exit was signed on 29 August and closed on 26 November 2013 [VCCircle]. Religare is a long-loyal client of Vaish, while Macquarie has used a number of Indian firms in the past, though Amarchand had set up the Religare JV for the Australian banking giant between 2007 and 2008.

Vaish AssociatesAmarchand Mangaldas

Comments

green lantern 2 Dec 2013, 17:08
+1 -1
Will be interesting to know which other firms Religare has flirted with in the past couple of years. Also good to see that,in reported deals atleast, women partners invariably in feature in near equal proprtions to men. Maybe law firms in India are more equal that their global equivalents and more than i-banking and PEs in India?
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