The transaction sees Infinity Alternatives, along with other investors, acquiring HAV3 Holdings’ stake in Fino Payments Bank’s parent company, Fino PayTech, strengthening their position in the Indian payments sector.
Desai & Diwanji have advised Infinity Alternatives Investment Managers Private Limited, Infinity Alternatives Growth Opportunities Fund 1, and Infinity Alternatives Advisors LLP (an India-focused private equity firm specializing in growth capital investments in the mid-market sector). in their acquisition of HAV3 Holdings’ stake in Fino PayTech, the parent company of Fino Payments Bank.
The transaction team from Desai & Diwanji included Senior Partner Jai Diwanji, Partner Sonal Rangnekar, and Associate Henna Kapadia.
Although the exact value of HAV3 Holdings’ stake was not disclosed, Fino Payments Bank’s draft red herring prospectus (DRHP) from August 2021 revealed that HAV3 Holdings held a 11.48% stake in the bank.
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