Sub-K Impact Solutions Limited, a digital financial intermediary has acquired nearly 25% shareholding in Prayaan Capital Private Limited.
On closure of the transaction, Sub-K is now the single largest shareholder in Prayaan Capital.
Kochhar & Co. advised Sub-K Impact Solutions Limited on the deal including conducting comprehensive due diligence, drafting, negotiating and finalizing transaction documents and all other legal formalities in relation to the pre-closing and post-closing aspects of the transaction.
The transaction entailed subscription to compulsorily convertible preference shares as well as equity shares issued by Prayaan Capital.
The team comprised Sameena Jahangir (Partner), Dhvani Shah (Principal Associate), Anushree Aditi (Principal Associate) and Sneha Bhagwat (Associate).
The Kochhar team also assisted the client in structuring the deal and negotiating the terms with the existing financial investors of Prayaan.
Sub-K Impact Solutions Limited is a digital financial intermediary that leverages the power of technology and local entrepreneurship to offer last-mile banking and financial solutions