IFLR1000

WF Asian Reconnaissance Fund $110 million acquisition of 5.1% stake in IIFL Wealth Management

19/6/2018
Private acquisition
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Re 7.45 billion

$ 110 million

Announced

19/6/2018

Overview:

  • IIFL Wealth Management will issue shares to six investors, among which are WF Asian Reconnaissance Fund and General Atlantic.
  • The proceeds will be used to expand the wealth management platform.

Daniel Semerdzhiev - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Financial services

Firm:
AZB & Partners

Party: WF Asian Reconnaissance Fund (Acquirer)

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