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AZB advises Investor Selling Shareholders in IPO by Equitas Holdings Limited

AZB & Partners advised and assisted Investor Selling Shareholders – International Finance Corporation, Sequoia Capital India Investments III, WestBridge Ventures II, LLC and Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N.V. in relation to initial public offering by Equitas Holdings Limited.

The AZB team comprised of Partner Madhurima Mukherjee and Senior associate Namita Das.

Equitas, the fifth-largest MFI behind Bandhan, SKS, Janalakshmi and Ujjivan, is one of the eight microfinance firms to secure a small finance bank licence last month. It would be the first among its small finance bank peers to tap the primary market to raise funds and reduce foreign shareholding to the 49 per cent limit set by the Reserve Bank of India.

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