AZB and Amarchand advise Axis Bank’s acquisition of Enam’s financial services business for $450 million

Axis Bank Limited has acquired the investment banking and broking units of Enam Securities Private Limited for Rs. 2,070 crore ($450 million). Amarchand advised Axis Bank with a team led by Managing Partner Cyril Shroff along with Partner Nivedita Rao. AZB & Partners advised Enam with a team led by co-founding Partner Zia Mody along with Partners Shuva Mandal and Essaji Vahanvati.