Shardul Amarchand Mangaldas advised Axis Bank on its INR. 11,626 crores fundraising from multiple global and Indian marque investors including funds affiliated with Bain Capital, Life Insurance Corporation of India and other investors. The proposed investment would be one of the largest private equity investment in the Indian banking sector. The Bank proposes to carry out the fund raising through a combination of equity shares and warrants by way of a preferential issue in terms of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The Private Equity Group of the General Corporate Practice of Shardul Amarchand Mangaldas acted as the legal counsel for Axis Bank Limited for all the legal aspects of the transaction. The transaction team was led by Mr. Shardul S. Shroff; Executive Chairman, and included Raghubir Menon, Regional Practice Head – Mumbai, M&A and PE, General Corporate; Abhishek Guha, Partner; Yogesh Chande, Partner; Ankit Kejriwal, Senior Associate; Anwesha Haldar, Senior Associate; Kanwardeep Kapany, Associate; Gaurav Malhotra, Associate; and Keegan Pavrey, Associate.