Luthra And Luthra Advises Investment Fund For Developing Countries (IFU) For Investment In Arohan Financial Services Limited
LIVELAW NEWS NETWORK
13 July 2023 6:42 AM GMT
Luthra and Luthra advised Investment Fund for Developing Countries (IFU) in connection with its investment in Arohan Financial Services Limited (Company) through primary issuance of equity securities in the Company.
Arohan Financial Services is a leading microfinance institution in India spread across 15 states having a focus on low-income households that have limited or no access to formal financial institutions.
IFU through Danish SDG Investment Fund (SDG) a Danish public private partnership backed by pension funds and private investors has invested DKK 166 million in the Company.
Luthra and Luthra acted for long standing client IFU and assisted in reviewing, negotiating, and finalising all aspects of the transaction documentation from the stage of the term sheet till the execution of the transaction documents.
The transaction team comprised of Avirup Nag (Partner), Sabrina Afroze (Partner), and Kashish Singhal (Associate).