Deal Corners


Deal Corner May 01, 2010

Represented DBS Bank Ltd.

Deal Brief

Represented DBS Bank Ltd., Singapore on in its exit from Cholamandalam DBS Finance Limited ("Chola DBS"), by way of sale of 37.48 % equity stake and preference shares to Murugappa Group. The deal is valued at approximately INR 3.8 billion (US$ 83 million). CholaDBS was a 50:50 joint venture NBFC between DBS Bank Ltd. and Murguappa Group engaged in the business of inter alia retail finance, broking and distribution of financial products and is listed on the Bombay Stock Exchange Limited, National Stock Exchange of India Limited and Madras Stock Exchange Limited.

Our Role

In past, we, at Nishith Desai Associates had also acted as legal and tax counsel for DBS Bank Ltd., for their entry into the non banking financial business in India through this investment in Chola DBS.

Mission and Vision

Distinctly Different


India HR Employment Law Masterclass 2019
November 18, 2019

This event is over. For event material please click here

Round Table

Indian Infrastructure Sector – Decoding InvITs
November 14, 2019

This event is over. For event material please click here

Want to work with us?


Inviting Top Talent for our Corporate Law, Infrastructure, IP and International Tax Practices

Strong credentials in Corporate Law (in particular M&A or Fund Investment), Infrastructure, IP or International Tax? Now’s the time to apply. We’re looking for the industry's best talent with scope to do extraordinary work for the world’s best, marquee clients. Reach out for a great career in a great place!

Write to happiness(at)



Nishith Desai Associates 2013. All rights reserved.