Kochhar & Co. advises Sub-K Impact Solutions in Acquiring Stake in Prayaan Capital
March, 2023 - India
Kochhar & Co. advised Sub-K Impact Solutions Limited, a digital financial intermediary that leverages the power of technology and local entrepreneurship to offer last-mile banking and financial solutions, in its acquisition of nearly 25% shareholding in Prayaan Capital Private Limited.
The transaction entailed subscription to compulsorily convertible preference shares as well as equity shares issued by Prayaan Capital. Upon closure of the transaction, Sub-K is now the single largest shareholder in Prayaan Capital.
The Kochhar Mumbai team comprising its Partner Sameena Jahangir, Principal Associate Dhvani Shah, Principal Associate Anushree Aditi and Associate Sneha Bhagwat advised Sub-K in the acquisition transaction including conducting comprehensive due diligence, drafting, negotiating and finalizing transaction documents and all other legal formalities in relation to the pre-closing and post-closing aspects of the transaction. The Kochhar team also assisted the client in structuring the deal and negotiating the terms with the existing financial investors of Prayaan.
For any queries, you may reach us at legal@[email protected]
