Shardul Amarchand Mangaldas & Co advised Poonawalla Fincorp on INR 2,500 crore QIP
The leading law firm in India, Shardul Amarchand Mangaldas & Co (SAM) acted as legal counsel to Poonawalla Fincorp Limited on its qualified institutions placement (QIP) of equity shares, through which the company raised approximately INR 2,500 crore.
The net proceeds from the issue are proposed to be used for augmenting the company’s assets under management, strengthening its capital base, and repaying or prepaying certain existing borrowings.
The SAM transaction team was led by Nikhil Naredi (Partner) and Shubhangi Garg (Partner), with support from Shweta Singh (Senior Associate), Aryan Gupta (Associate) and Soham Chakraborty (Associate).
Additional contributions were made by Ankeeta Parhi (Principal Associate), Dhwanit Rathor (Associate) and Gaurangi Pande (Associate).
Click to know more about Shardul Amarchand Mangaldas & Co
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at [email protected] or call us on +91 8879634922.