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. If you are or know one of the lawyers who acted on this deal but has not been credited, please leave a comment below (marked not for publication), preferably with your name and email address, and we will update the report.

Click to show 8 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
refresh Filter out low-rated comments. Show all comments. Sort chronologically
Like +4 Object -0 Surprised 22 Nov 17, 20:16
1 Million?? Seriously?? and AZB did a press release of this?
Reply Report to LI
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.

Reply Report to LI
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.
Reply Report to LI
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
Reply Report to LI
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.
Reply Report to LI
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.
Reply Report to LI
Like +1 Object -0 times of india 23 Nov 17, 06:51
nice to see azb reporting 1 million deals
Reply Report to LI
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.
Reply Report to LI

refreshSort chronologically Filter out low-rated comments. Show all comments.