Veritas Legal acted on the Kedaara Capital’s proposed investment of INR 750 crores in Axis Finance
Kedaara Capital has invested through two entities, one being a resident entity and the other being a non-resident entity – Kedaara Capital Fund IV AIF and Kedaara Pearl Holding, respectively.
Veritas Legal has advised Kedaara Capital on its proposed investment of INR 750 Crores in Axis Finance and Axis Bank.
Kedaara Capital has invested through two entities, one being a resident entity and the other being a non-resident entity – Kedaara Capital Fund IV AIF and Kedaara Pearl Holding, respectively.
This primary capital infusion by Kedaara Capital remains subject to customary regulatory approvals.
This is in addition to the INR 1,500 crore primary raise through a rights issue, which was approved by Axis Finance board of directors on April 17, 2026. This capital raise is the largest primary raise of Axis Finance till date.
Axis Finance is a public limited company registered as a systemically important non-deposit taking NBFC with the Reserve Bank of India and is classified as a NBFC – Middle Layer (NBFC-ML).
As on the execution date, Axis Bank holds 100 percent of the share capital of Axis Finance. The transaction involves a proposed primary investment by Kedaara Capital in Axis Finance as growth capital, comprising a subscription to approximately 5 percent of the issued and subscribed paid-up share capital of the Company, for an aggregate consideration of approximately INR 750 Crores.
Veritas Legal’s deal team was led by founding and managing partner Abhijit Joshi and partner Natasha Sethna. The transaction team included principal associate Avadhoot Potnis and associates Kashish Gupta and Dhruv Mehta.
Along with this, the due diligence team included principal associate Ashwin Mehta, senior associates Anamika and Akriti Gupta and associates Kashish Gupta, Hriday Chokshi, Vidhi Basrani, Dhruv Mehta and Devishi Sarawgi.
Read Online: