Cyril Amarchand Mangaldas acted as legal counsel to Indium IV (Mauritius) Holdings Limited (“Indium”), an affiliate of True North Managers LLP (“True North”) on the proposed sale of Indium and other minority sellers’ entire shareholding in Infinity Fincorp Solutions Private Limited (“Company”) to PG Lotus Pte. Ltd. (“Partners Group”), a portfolio company of Partners Group; and proposed issuance of equity shares to Partners Group and its affiliates. Jungle Ventures IV VCC, along with its affiliates, will also be participating in the primary round.
This transaction was facilitated through a competitive bid process where we provided end-to-end legal and strategic support to True North. The transaction culminated in the signing of definitive agreements pursuant to which Partners Group will acquire a significant stake in the Company.
The transaction team was led by Aditi Manchanda, Partner; Siddharth K. Vedula, Partner; with support from Naimi Kamdar, Principal Associate; Kaushik Raichura, Associate; and SB Aditi, Associate.
Vandana Sekhri, Partner, provided strategic inputs.
The diligence team was led by Aditi Manchanda, Partner; Siddharth K. Vedula, Partner; with support from Deepjoyika Ghosh Dastidar, Senior Associate; Lokit Khurana, Senior Associate; Kabeer Jay, Associate; and Shivendra Mehndiratta, Associate.
Gazal Rawal, Partner; with support from Yash Mukadam, Senior Associate; Pratiksha Arekar, Senior Associate; and Aniket Panchal, Associate; advised on RBI application and related aspects.
Jian Johnson, Partner; with support from Sukriti Sarwan, Principal Associate; Shobhit Dave, Senior Associate; Yusuf Kathawala, Associate; Eesha Tirodkar, Associate; and Medha Puvvala, Associate; assisted on regulatory due diligence and related aspects for the transaction.
Arya Tripathy, Partner; with support from Nidhi Jhawar, Senior Associate; and Rushil Mehta, Associate; assisted on intellectual property, information technology and data privacy due diligence and related aspects for the transaction.
Subhojit Sadhu, Partner (Finance & Infrastructure) Director (CAM – Middle East); with support from Apoorv Jain, Principal Associate; and Sanyam Agarwaal, Associate; assisted on financing due diligence and related aspects for the transaction.
Sowmya Kumar, Partner; with support from Luv Saggi, Principal Associate; and Tara Thakur, Associate; assisted on employment law due diligence and related aspects for the transaction.
Dhruv Rajain, Partner; with support from Vanya Agarwal, Associate; assisted on competition law analysis.
Anukriti Bhattad; Senior Associate; assisted in the execution of transaction documents in Bengaluru.
The transaction was signed on July 09, 2025, and the closing of the transaction is subject to the approval of the RBI for change in control and change in management of the Company.
