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Deal: QIP by Arman Financial Services Limited

27 Dec 2023

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Trilegal advised Arman Financial Services Ltd on its qualified institutions placement of equity shares (QIP) aggregating to INR 2,300 million. This was the first QIP undertaken by the Company and among the few QIPs by NBFCs during this year. The proceeds from the Issue are proposed to be used towards augmenting the Company’s capital adequacy ratio as laid down by the RBI and for general corporate purposes.

Arman Financial Services Ltd specializes in offering financial services that include microfinance, loans to MSMEs, as well as facilitating two-wheeler finance.

The proceeds from the Issue are proposed to be used towards augmenting the Company’s capital adequacy ratio as laid down by the RBI and for general corporate purposes.

The Trilegal team advising on the matter was led by our Partner Richa Choudhary, and comprised attorneys Ronak Chawla, Avanti Kale, Maitreya Rajurkar, Pooja Sharma, Aayush Khandelwal, Aman Bahl, Shivayana Balodia, and Kaaba Khan.

Media Link:

Arman Financial Raises Rs 230 Crore Via QIP (ndtvprofit.com)

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com

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