A private equity fund managed by JM Financial has signed a definitive agreement to acquire a significant minority stake in Coimbatore-based co-living operator Isthara Parks as the firm founded by ace banker Nimesh Kampani aims to capitalise on an institutional drive in a largely unorganised room-sharing and accommodation market, said three persons in the know of the development.

— The Economic Times

AZB & Partners advised JM Financial India Trust II – JM Financial India Fund II led by a team of partner Anand Shah, senior associate Ishan Handa.

2019-06-14

Deal value: INR 400 Million / USD 5.7 Million

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