Shardul Amarchand Mangaldas & Co. advises Ontario Teachers’ Pension Plan & Morgan Stanley in the acquisition and sale of shares in Kogta Financial (India) Limited

July 2, 2024

Shardul Amarchand Mangaldas & Co. advised Ontario Teachers’ Pension Plan(“OTPP”) & Morgan Stanley on the acquisition of a significant minority stake in Kogta Financial (India) Limited (“Company”). The funds raised will be used as primary capital to drive growth across its product offering and expand regional presence and will also provide partial exits to Kogta’s existing institutional investors Morgan Stanley and Creador. Kogta Financial (India) Limited is a fast-growing retail focused NBFC specializing in the secured vehicle and MSME financing space and has a strong track record of institutional backing with existing investments. The deal is valued at approximately USD 148 million.

 

SAM & Co. team advising OTPP was led by Abhishek Guha, Partner and Tanya Uppal, Partner and included Veena Sivaramakrishnan, Partner, Mohit Bhatia, Partner, Reshma Simon, Senior Associate and Amrita Ghosh, Senior Associate.

 

The due diligence team included Abhishek Guha, Partner; Veena Sivaramakrishnan, Partner; Mukul Baveja, Partner; Tanya Uppal, Partner; Mohit Bhatia, Partner; Madhur Chopra, Principal Associate; Reeya Benedict, Senior Associate; Reshma Simon, Senior Associate; Varun Marwah, Senior Associate; Chayanika Goyal, Senior Associate; Amrita Ghosh, Senior Associate; Akanksha Khare, Senior Associate; Milind Rai, Senior Associate; Sanjana Rao, Senior Associate; Archit Chakravorty, Associate; Siddharth Jasrotia, Associate; Gaurav Karwa, Associate; Ritika Sharma, Associate; Srijan Srivastava, Associate and Disha Basnet, Associate and Nritika Sangwan, Associate.

 

The competition related aspects were led by Gauri Chhabra, Partner; Nimish Malpani, Senior Associate and Eesha Seth, Associate.

 

The SAM&Co. team for Morgan Stanley included

 

Nivedita Tiwari, Partner; Kuhuk Jain, Principal Associate; Smita Rakshale, Senior Associate and Anushka Ganguli, Associate.

 

Latham & Watkins and EY advised OTPP on the international law and tax aspects respectively.

 

PWC advised Morgan Stanley on the tax aspects.

 

Cyril Amarchand Mangaldas advised the Company on legal aspects.