Saraf and Partners | View firm profile
Saraf and Partners has successfully advised Bank of Baroda, on the transfer of their depository business to its wholly owned subsidiary, BOBCAPS Capital Markets Limited.
This transfer will enable Bank of Baroda to streamline their operations and focus on their core banking activities. Furthermore, this strategic move is anticipated to strengthen BOBCAPS’ position in the financial market, allowing it to expand its service offerings and reach a broader client base. The transfer is expected to enhance operational efficiency and customer service for Bank of Baroda’s clients, providing more specialized and focused depository services through BOBCAPS.
Saraf and Partners were involved in the drafting and finalisation of the Business Transfer Agreement which covers various aspects of the transfer process and details the procedures to be followed for seamless transfer of the depository participant business from BOB to BOBCAPS.
The assignment was led by Partners, Adil Ladha and Satyadarshi Kunal, with significant contributions from members of their respective teams.
