Khaitan & Co advised X10 Financial Services Limited on 100% acquisition of the shares of Bibby Financial Services (India) Private Limited from its resident shareholder (Vikas Nanda) and non-resident shareholder.
X10 Financial Services Limited is a non-banking financial services company engaged in the business of financing the short-term working capital requirements of small and medium enterprises.
The core corporate transaction team included Ashwin Bishnoi (Partner), Monika Srivastava (Principal Associate) and Aishwarya Nagpal (Associate) with assistance from Tarang Shashishekar (Associate) and Akshat Gupta (Associate) on the Corporate (Due diligence team); Daksha Baxi (Executive Director), Ritu Shaktawat (Principal Associate) and Shabnam Shaikh (Senior Associate) on the Direct Tax aspects.
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