AZB on Nomura’s side in sale of fund and trustco stakes

India’s AZB & Partners advised Nomura Asset Management on the sale of a 35% stake in LIC Nomura Mutual Fund Asset Management to LIC Housing Finance, Corporation Bank and GIC Housing Finance. LIC Housing Finance and GIC Housing Finance were also the purchasers of a 35% stake in LIC Nomura Mutual Fund Trustee Company from Nomura, a transaction that AZB also advised on.

The AZB team consisted of partners Alka Nalavadi and Rushabh Maniar, and associate Medha Marathe.

AZB & Partners were rated as outstanding, highly recommended or recommended in 13 practice areas in the 2016 edition of Asialaw Profiles.