Cyril Amarchand Mangaldas advised Jana Small Finance Bank Limited on preferential issue of warrants on private placement basis
The leading law firm in India, Cyril Amarchand Mangaldas (“CAM”) advised Jana Small Finance Bank Limited (“Jana”) on its preferential issue of 1,56,72,909 warrants to GWC Family Fund Investments Pte. Ltd., Singularity Large Value Fund III, ICM Finance Private Limited, 2I Capital PCC, Capri Global Ventures Private Limited, and Utpal Hemendra Sheth (collectively referred to as the “Investors”) on a private placement basis.
The consummation of the transaction is subject to satisfaction of customary conditions precedent, including receipt of shareholders’ approval, in-principle approval of the stock exchanges for the preferential issue, and approval from the Reserve Bank of India, as applicable.
The transaction was led by Aditya Prasad (Partner), with support from Kritika Dobhal (Senior Associate), Nisha Nahata (Senior Associate) and Ayush Katyayana (Associate).
Nivedita Rao (Senior Partner) and Manan Lahoty (Partner, Head – Capital Markets) provided strategic inputs on the transaction, while Jian Johnson (Partner), along with Shobhit Dave (Senior Associate) and Medha Puvvula (Associate), advised on RBI-related aspects of the transaction documents.
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