Financial services firm JM Financial Limited has agreed to acquire a 9.84% equity stake in peer-to-peer (P2P) lending marketplace Faircent for an undisclosed amount..BMR Legal advised JM Financial through a team comprising Partner Amit Khansaheb, Principal Nikhil Sachdeva and Associates Ravi Shankar Jha and Nikita Arora..Faircent was represented by an in-house legal team and PwC Corporate Finance..This deal comes in the wake of the Reserve Bank of India’s initiative to regulate the P2P lending market in the country. On April 28, RBI proposed registering P2P lending platforms as non-banking financial companies (NBFCs). The discussion paper is open for feedback till May 31.
Financial services firm JM Financial Limited has agreed to acquire a 9.84% equity stake in peer-to-peer (P2P) lending marketplace Faircent for an undisclosed amount..BMR Legal advised JM Financial through a team comprising Partner Amit Khansaheb, Principal Nikhil Sachdeva and Associates Ravi Shankar Jha and Nikita Arora..Faircent was represented by an in-house legal team and PwC Corporate Finance..This deal comes in the wake of the Reserve Bank of India’s initiative to regulate the P2P lending market in the country. On April 28, RBI proposed registering P2P lending platforms as non-banking financial companies (NBFCs). The discussion paper is open for feedback till May 31.
