AZB & Partners is advising Lendingkart Technologies Private Limited, Lendingkart Finance Limited, and their promoters in relation to Fullerton Financial Holdings’ plan to acquire an additional controlling stake, pending regulatory approval.
Fullerton Financial Holdings, a wholly-owned subsidiary of Singapore’s Temasek, will make a capital infusion of up to INR 252 crores. This investment is aimed at enhancing Lendingkart’s technology capabilities and expanding its services to underserved markets.
The equity team working on the transaction includes Senior Partner Nandish Vyas, Senior Associate Anshuman Bharadwaj, and Associate Bhanu Prakash Joshi, with support from Associates Rishav Sen and Avani Laad. The financial restructuring aspect is being led by Partner Suharsh Sinha, with assistance from Senior Associate Rishiraj Baruah and Associates Jay Kothari and Idhika Agarwal.
LENDINGKART Technologies Private Limited is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s credit worthiness and provides other related services.
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