AZB & Partners Advises Lendingkart on Proposed Acquisition of Controlling Stake by Fullerton Financial Holdings

AZB & Partners is acting for Lendingkart Technologies Private Limited, Lendingkart Finance Limited and its promoters, in connection with the proposed acquisition of an additional and controlling stake by Fullerton Financial Holdings (wholly-owned subsidiary of Singapore’s Temasek), following regulatory approval. The investment will include a capital infusion of up to INR 252 crores, allowing Lendingkart to improve its technology and expand its reach in underserved markets. Our equity team on the transaction comprises our Senior Partner Nandish Vyas, Senior Associate Anshuman Bharadwaj and Associate Bhanu Prakash J. Joshi, supported by Associates Rishav Sen and Avani Laad. The financial restructuring aspects were led by our Partner Suharsh Sinha, with support from Senior Associate Rishiraj Baruah, and Associates Jay Kothari and Idhika Agarwal.