Wadia Ghandy & Co. and Cravath, Swaine & Moore have represented HDFC Bank, India's largest private lender, on its $40 billion deal to buy its biggest shareholder, HDFC, which was counseled by AZB & Partners, Argus Partners and Singhi & Co.
The deal, India’s largest‑ever M&A, will help HDFC Bank shrink the gap with state-run lender and bigger rival State Bank of India, according to Reuters.
The Wadia Ghandy team was led by partners Ashish Ahuja and Gopal Bankar, while the Cravath team was led by partner Philip J. Boeckman.
The AZB team was led by managing partner Zia Mody and partners Ashwath Rau, Vipul Jain and Aditya Alok. Meanwhile the Argus team was led by managing partner Krishnava Dutt and partners Adity Chaudhury and Aastha, who were assisted by intelligence partners Prashanth Sabeshan, Rachika A Sahay and Vinod Joseph.
