Khaitan advised National Payment Corporation of India (NPCI) in relation to private placement of equity shares for some $20m. The offer was made to selected public sector banks, private banks, foreign banks with retail presence, multi-state co-operative banks and regional rural banks.
National Payment Corporation of India is an umbrella organisation for all retail payments systems in India. It was set up with the guidance and support of the Reserve Bank of India and Indian Banks Association.
Sudhir Bassi, Executive Director, Madhur Kohli, Associate Partner ; Aanchal Arora, Associate; Manish Chhangani, Associate; Nisarg Shah, Associate and Harsh Zaveri, Associate represented the client on the transaction.