Northern Arc Capital, a debt capital platform for financial institutions serving excluded individuals and businesses, has raised ₹910 crore ($130 million) from IIFL Special Opportunities Fund and Standard Chartered Private Equity..Khaitan & Co acted for Northern Arc Capital and the team was led by Partner Akshay Bhargava along with Principal Associate Vidushi Gupta and Associate Tanvi Arora..J. Sagar Associates (JSA) acted for IIFL Special Opportunities Fund and the team included Partner Manav Raheja and Associate Gaurav Matta..Nishith Desai Associates (NDA) advised Standard Chartered Private Equity..Cyril Amarchand Mangaldas acted for LeapFrog Investments and the team included Partner Akshay Jeet Bhat, Principal Associate Sharada Ramachandra and Saurav Samaddar..Tax advice was provided by Partner SR Patnaik..As part of this transaction, early investors Dvara Trust, LeapFrog Investments and Accion will partially sell their stake in the company, reported Mint.
Northern Arc Capital, a debt capital platform for financial institutions serving excluded individuals and businesses, has raised ₹910 crore ($130 million) from IIFL Special Opportunities Fund and Standard Chartered Private Equity..Khaitan & Co acted for Northern Arc Capital and the team was led by Partner Akshay Bhargava along with Principal Associate Vidushi Gupta and Associate Tanvi Arora..J. Sagar Associates (JSA) acted for IIFL Special Opportunities Fund and the team included Partner Manav Raheja and Associate Gaurav Matta..Nishith Desai Associates (NDA) advised Standard Chartered Private Equity..Cyril Amarchand Mangaldas acted for LeapFrog Investments and the team included Partner Akshay Jeet Bhat, Principal Associate Sharada Ramachandra and Saurav Samaddar..Tax advice was provided by Partner SR Patnaik..As part of this transaction, early investors Dvara Trust, LeapFrog Investments and Accion will partially sell their stake in the company, reported Mint.