May 31, 2021
Shardul Amarchand Mangaldas & Co. advised Norwest Venture Partners X-Mauritius (“NVP”) on its follow-on investment in Ess Kay Fincorp Limited (“Ess Kay”). As part of this round of investment, Ess Kay raised a total Rs 337 crore from existing investors NVP, TPG Growth IV SF Pte. Ltd (“TPG”) and Evolvence Indian Fund III Ltd. and its promoter Rajendra Setia. The date of closing of the transaction was 12 May 2021.
The Transaction team was led by Puja Sondhi, Partner; and comprised of Aakanksha Dalal, Senior Associate; Meghna De, Associate; and Harjas Singh, Associate.
AZB & Partners advised TPG and Cyril Amarchand Mangaldas advised Ess Kay.
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