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.

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

18th SILF Turf Cricket League: Harsh Vardhan Tomar and Amitpal steer CAM to a massive 216-Run victory

Bombay High Court rejects Meta’s plea to shift Blink Digital's suit to California; notes Facebook India did not raise objection

Delhi High Court upholds 7-year jail term for 5 men convicted in Delhi riots case

Supreme Court stays P&H High Court order barring Rohtak judges from hearing bail pleas in DHL fraud case

AP municipal polls: Supreme Court moots broad guidelines but says can't order roving inquiry into YSRCP's allegations