JSA acts on Lok Capital's partial exit from Veritas Finance

The deal amount is valued at approximately ₹1,191.3 crores ($145 million).

Bar & Bench

Published:18th Jul, 2023 at 12:47 PM

Lok Capital, one of the early investors in Veritas Finance, made a partial exit by selling part of its stake for approximately ₹1,191.3 crores ($145 million) to Multiples Private Equity Fund III and Avendus Future Leaders Fund II.

JSA advised Lok Capital in this transaction.

The transaction team consisted of Siddharth Mody (Lead Partner) and Rahul Deodhar (Partner).

Veritas is a non-banking finance company catering to the underserved MSME financing market in semi-urban and rural geographies.

Veritas also raised primary investment in this investment round.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.

SCROLL FOR NEXT

JSA acts on Lok Capital's partial exit from Veritas Finance

The deal amount is valued at approximately ₹1,191.3 crores ($145 million).

Also Read

Mumbai Centre for International Arbitration set to host MCIA Singapore Roadshow at the Singapore Convention Week

SILF holds Sindoor Meeting at Pahalgam, resolves to support families affected by Pahalgam attack

Clarence & Partners advises investor Visceral on Mythik's ~₹128 crore fundraise

Service charge on top of ₹100 rupee water bottle? Delhi High Court miffed

Novelty in the age of algorithms