AZB & Partners advised in acquisition of 3.62% stake in IDFC FIRST Bank Limited by IDFC Financial Holding Co., by way of preferential allotment to IFHCL. Post the said preferential allotment, the shareholding of IFHCL in IDFC First Bank Limited will be approx. 39.99%

Total consideration for the deal was for USD 265.7 million/ INR 21 billion.

The team involved in the transaction comprised of Partners Ashwath Rau, Vipul Jain, Aditya Alok and Senior Associates Saras Muzumdar, Shivani Goel.