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The firm advised prominent investors such as Elevation Capital, Peak Investments, Venture Highway, and Y Combinator. The issue opened on December 3 and closed on December 5, 2025.
The firm provided comprehensive transactional, structuring, and diligence support, marking AION’s full exit from Planetcast and its subsidiaries.
This deal marks a significant cross-border transaction in the Indian banking sector, underscoring continued global investor interest and strategic consolidation in the country’s financial services industry.
The SPA contemplates a sale of up to 50.1% of the shareholding held by True North in the Company, and will result in India Resurgence Fund acquiring control of the Company, and consequently, triggering a mandatory open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.