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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.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

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Like +4 Object -0 Surprised 22 Nov 17, 20:16
1 Million?? Seriously?? and AZB did a press release of this?
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Like +0 Object -0 BJP supporter 23 Nov 17, 00:02
Please cover this story: Republic TV has done a sting operation against the Jindal VC for trying to help Shashi Tharoor and influence the Sunanda Pushkar murder case. The Congress link has been exposed.

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Like +0 Object -0 kianganz 23 Nov 17, 15:51
I really don't quite understand this story - what is the news or implication here? Please explain.
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Like +0 Object -0 BJP supporter 24 Nov 17, 01:43
Implication is this:

1) Dr Subramanian Swamy has called this development "brazen", "violation of the law", "tampering with the investigation" and a "breakthrough". See here:

2) Now proven that this report in the Hindu originated from the Jindal VC.

3) Shows Congress links of Jindal law school.

4) Shows that foreign-educated intellectuals in universities are Congresswalas. Except Republic TV no media is giving the true picture
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Like +4 Object -4 Debt financing 23 Nov 17, 05:24
Apparently a law firm associate gave INR 10000 to her maid for her to pay her son's and few other children's school fees. The parties decided not to engage separate legal counsels for this transaction. Please treat this as press release and publish the same.
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Like +1 Object -0 Salve 23 Nov 17, 18:21
The name of the client carries as much relevance as the complexity of the transaction or the deal value. If being associated with a large philanthropic foundation fails to impress you - you are clueless about matter credits dude. Please save your sarcasm.
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Like +1 Object -0 times of india 23 Nov 17, 06:51
nice to see azb reporting 1 million deals
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Like +7 Object -1 Bhai Bhai Bhai 23 Nov 17, 09:55  interesting
Perhaps we should look at the philanthropic aspect of the deal, i.e. to assist in the development of the education sector among the lower income group students, and not the deal value.
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