AZB and Wadia Ghandy help MFI Janalakshmi raise funds from Citi Venture

Bar & Bench June 30 2011

Bangalore-based Janalakshmi Financial Services, micro finance institution (MFI) promoted by social entrepreneur Ramesh Ramanathan, has raised Rs. 65 crore ($14.4 million) from private equity major, Citi Venture Capital International (CVCI).

 

CVCI acquired a significant minority equity stake (above 10 percent) in Janalakshmi.

 

The Bangalore office of AZB & Partners advised Janalakshmi with a team led by Partner Srinath Dasari.

 

Wadia Ghandy & Co. advised CVCI with a team led by Partner Shobitha Mani.

 

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