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.


According to

With a premium account you get:
  • One year of unrestrcited access to previous interviews, columns and articles
  • One year access to all archival material
  • Access to all Bar & Bench reports