JSA, Trilegal, DSK, K Law, Jerome act on Suryoday Small Finance Bank ₹248 crore fund raise

Bar & Bench April 16 2019
Suryoday Small Finance Bank

Suryoday Small Finance Bank has raised ₹248 crore from a clutch of investors including development finance institution DEG, a subsidiary of Germany’s KfW Group, and Kotak Mahindra Life Insurance Co.

The fundraise also saw capital infusion from the bank’s promoters and its 13 existing investors, including Sarva Capital, HDFC, IFC, IDFC Bank, Gaja Capital and ASK Pravi.

J. Sagar Associates acted as the legal advisor to Suryoday Small Finance Bank Limited and the team was led by Partners

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