Khaitan & Co acted as the lead counsel to Federal Bank on the acquisition of a segment of Standard Chartered Bank’s Indian credit card portfolio. The Firm played a key role in structuring and executing the transaction, including undertaking legal due diligence on the portfolio, advising on complex legal and regulatory considerations, leading negotiations, and drafting and finalising the transaction documents.
The deal was assisted by:
Direct Tax: Sanjay Sanghvi (Partner) and Ujjval Gangwal (Principal Associate)
Banking & Finance: Krishnendu Sen (Counsel), Mudit Jain (Senior Associate) and Sushmit Mandal (Associate)
Privacy and Data Protection: Sumantra Bose (Partner), Shramana Dwibedi (Principal Associate) and Mayank Barman (Associate)
The core team consisted of Vidushi Gupta (Partner), Kumar Saurabh Singh (Partner), Soumil Garg (Partner), Arindam Bhattacharjee (Principal Associate), Kritika Parakh (Senior Associate) and Priyadarshini Dutt (Associate)