Mar 12, 2026

Axis Bank’s GIFT City branch on the USD 150 mln acquisition

AZB & Partners advised Axis Bank’s GIFT City branch on the USD 150 mln acquisition of US speciality chemical maker Jayhawk Fine Chemicals Corporation by Anupam Rasayan India Limited. This structured financing was undertaken as one of the first few external commercial borrowings under the new FEMA Borrowing and Lending Regulations.

AZB’s deal team comprised our Senior Partner, Anand Shah, Partner Hufriz Wadia, Senior Associate Prasham Shah, and Associates Pranjali Sharma and Arushi Singh.

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