Investment Fund for Developing Countries (IFU) invested in Arohan Financial Services Limited through primary issuance of equity securities in the Arohan.
IFU through Danish SDG Investment Fund, a Danish public private partnership backed by pension funds and private investors, has invested approximately ₹20.4 crores (Kr.166 million) in Arohan.
Luthra and Luthra Law Offices India acted for their 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).
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.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.