JSA acts on Shubham Housing Development Finance $96 million fundraise

Shubham Housing Development Finance Company Limited has raised $96 million from existing investor LeapFrog Investments Group, Ltd., with participation from Creador.

JSA Advocates & Solicitors advised LeapFrog on this fundraise. The transaction involved LeapFrog acquiring shares from the promoters, employees, and certain existing shareholders of Shubham Housing.

The transaction was led by Sidharrth Shankar (Partner), with support from the Prakriti Jaiswal (Partner), Dhruv Malhotra (Partner), Pranav Rao N (Senior Associate), Associates Achint Johri and Satvik Tewari.

Leapfrog has been an investor in Shubham Housing since 2022.

Shubham Housing Development Finance Company is among India’s leading affordable housing finance companies, with assets under management of approximately ₹7,500 crore and a network of over 200 branches across 12 states. The company focuses on providing home loans to underserved and low-income segments, contributing to increased financial inclusion in the housing sector.

This investment will support the Company's expansion.

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