NDA represents Teachers Insurance and Annuity Association of America in its investment in Aviom Housing Finance
Posted by By nishithadmin at 25 April, at 17 : 27 PM Print
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NDA REPRESENTS TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA IN ITS INVESTMENT IN AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED
DEAL BRIEF
Teachers Insurance and Annuity Association of America (“TIAA”) has signed definitive documents to invest in Aviom India Housing Finance Private Limited (“Aviom”), a Non-Banking Financial Company classified as an NBFC-HFC (Housing Finance Company), subject to regulatory approval from the Reserve Bank of India.
Aviom is an affordable housing lender providing loans to under-served, low-income households across semi-urban and rural areas, with a specific focus on gender inclusion.
OUR ROLE
We, at Nishith Desai Associates, acted as the legal and tax counsel to TIAA. We advised them on the legal, regulatory and tax aspects of the transaction.
OUR CLIENTS
TIAA (managed by its group company Nuveen LLC) is one of the largest global asset managers with $ 1.1 trillion worth of global assets under management as of December 31, 2022. TIAA is actively involved in and known for responsible and impact investing with a specific focus on environmental, social and governance (“ESG”) strategies, having nearly $ 42 billion of ESG / impact assets under management.
TIAA has been involved in investing in businesses supporting financial inclusion and providing essential services for the underserved populations in India.
TEAM
Chambers and Partners Asia Pacific 2023: Top Tier for Tax, TMT, Employment, Life Sciences, Dispute Resolution, FinTech Legal
Legal 500 Asia Pacific 2023: Top Tier for Tax, TMT, Labour & Employment, Life Sciences & Healthcare, Dispute Resolution
Benchmark Litigation Asia Pacific 2022: Top Tier for Tax, Labour & Employment, International Arbitration
IFLR1000 2022: Top Tier for M&A and Private Equity
AsiaLaw Asia-Pacific 2022: Top Tier for Tax, TMT, Investment Funds, Private Equity, Labour and Employment, Dispute Resolution
FT Innovative Lawyers Asia Pacific 2019 Awards: NDA ranked 2nd in the Most Innovative Law Firm category (Asia-Pacific Headquartered)
RSG-Financial Times: India’s Most Innovative Law Firm 2019, 2017, 2016, 2015, 2014
