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AZB advises old client Michael Susan Dell Foundation on $1m debt financing to NBFC Shiksha Finance

The Michael & Susan Dell Foundation (MSDF), along with Aspada Investment Company have raised INR 6.7 crores (USD 1 million) through the acquisition of debentures in Chennai-based school financing firm Shiksha Financial Services, a non-banking financial company focusing on school and student loans, as reported by Business Standard.

AZB & Partners advised and acted for Micheal & Susan Dell Foundation represented by senior partner Hardeep Sachdeva along with senior associate Anshuman Singh. The foundation has been a long-standing client of the firm and Sachdeva.

Incorporated in 2014, Shiksha provides loans to schools to help develop infrastructure and loans for students to help families from lower-income groups finance the education of their children and is currently active in the states of Tamil Nadu, Karnataka, Andhra Pradesh and in Puducherry.

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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