- First Rand Bank Limited | Centrum Microcredit Private Limited
Khaitan & Co advised First Rand Bank Limited (FRB) in relation to the sale of its Micro Finance business to Centrum Microcredit Private Limited (a step-down subsidiary of Centrum Capital Limited). FirstRand group is one of largest financial services providers in Africa and operates in 17 countries and three continents. First Rand Bank India is engaged in corporate banking, investment banking, fixed income, currency and commodity products and structured products. The core transaction team comprised Niren Patel (partner), Aravind Venugopal (principal associate) and Suditi Surana (associate). Kumar Saurabh Singh (partner), Moin Ladha (associate partner) and Rolwine Alva (senior associate) assisted on certain regulatory aspects.