Shardul Amarchand Mangaldas advises JM Financial Limited on the qualified institutional placement by Arman Financial Services Limited of approximately US$ 27.61 million

January 2, 2024

Shardul Amarchand Mangaldas advised JM Financial Limited (“Book Running Lead Manager”) on the qualified institutional placement by Arman Financial Services Limited (“Issuer”) of approximately US$ 27.61 million. The issuer filed the placement document with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on 22 December 2023.

The transaction team was led by Prashant Gupta, Partner, NP Head, Capital Markets; Sayantan Dutta, Partner; Sanjeev Chowdhary, Senior Associate; Megha Mehta, Associate; Jayant Saxena, Associate; and Ishan Sehgal, Associate.

Hogan Lovells Lee & Lee advised JM Financial Limited on the international legal aspect with respect to selling and transfer restrictions.

Trilegal advised Arman Financial Services Limited on the legal aspects.