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CAM, Wadia G on $29.9m NBFC Manappuram’s investment from Gray Matters

“Manappuram Finance Ltd, Kerala-based gold finance non-banking financial company (NBFC), has acquired an 85% stake in Indian School Finance Co. (ISFC) from existing impact investors Gray Matters Capital and Caspian, the companies said in a statement,” according to Mint.

Cyril Amarchand Mangaldas advised Manappuram Finance Limited led by a team of partners Reeba Chacko, Shishir Vayttaden, Avaantika Kakkar, Anshuman Sakle and Daksha Baxi.

Also advising was Wadia Ghandy.


Deal value: Rs 212 crores

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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