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Cyril Amarchand Mangaldas advised Vistaar Financial Services Private Limited (Vistaar); and its founders Mr. Brahmanand Hegdeand Mr Ramakrishna Nishtala (Founders), on the proposed acquisition of a majority stake in Vistaar by Warburg Pincus. Vistaar is a leading NBFC focused on lending to MSME businesses in India.

The General Corporate, Capital Markets, Competition Law Practices of Cyril Amarchand Mangaldas advised for Vistaar; and its Founders. The transaction team was led by Reeba ChackoPartner (Head – Corporate); Saurav Samaddar, Partner; with support from Krithika Chandrasekaran, Principal Associate; Gopika NambiarAssociate; and Nritika Sangwan, Associate.

The team led by Gazal RawalPartner; with support from Pankhuri SwarnimAssociate; and Maharshi Shah, Associate; of the firm’s Financial Regulatory Practice provided advice on regulatory aspects.

The Competition Team led by Kirthi SrinivasPartner; provided strategic inputs and advised on merger control related aspects of the deal.

As a part of the Transaction, Warburg Pincus has agreed to acquire a majority stake of Vistaar by purchasing shares from various existing shareholders. Vistaar’s existing investors WestBridge Capital; Omidyar Network, Elevar Equity, Saama Capital will exit as part of the deal.

The transaction documents were signed on October 08, 2022; and closing is subject to regulatory approval.

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