Veritas Legal advised Mirae Asset in its Investment in SK Finance
SK Finance Limited (“SK Finance” or “Company”), an NBFC engaged in used and new vehicle financing and secured business loans, has raised INR 1,328 crore from existing investors namely Norwest Venture Partners, TPG Growth, Baring Private Equity India and incoming investors namely Duro Capital, Axis Alternatives, Ananta Capital and Mirae Asset Venture Investments (India).
Veritas Legal advised and represented Mirae Asset on its investment in SK Finance Limited by conducting a due diligence on the SK Finance and negotiating and finalizing the share subscription and shareholders agreement.
The deal was a primary investment by Mirae Asset in SK Finance in an overall fund raise round of US$ 160 million (approx. INR 1,328 crore). Mirae Asset acquired minority financial shareholder rights on becoming a shareholder.
The team from Veritas Legal comprised of Manav Raheja (Partner) and Trisha Shetty (Associate).