Visage Holdings and Finance owned NBFC Kinara Capital, has raised Rs 96 crore (USD 15 million approx) in a fresh round of investment by way of primary infusion and purchase of shares from mid-market PE firm Gaja Capital along with Spanish impact investment firm Gawa Capital and existing investors, as reported by The Economic Times and VC Circle.
Cyril Amarchand Mangaldas acted as the legal advisors to Gaja Capital and was represented by
The K Law team advised and assisted the Spain-based investment firm
Indus Law advised the MSME-focussed NBFC
AZB & Partners acted for Kinara’s existing backer
It was also reported that BSE-listed NBFC major Shriram City Union Finance will exit its position in the six-year-old company. The equity financing round will see Kinara receive about Rs 70 crore as primary funding, with the remaining going to Shriram City Union Finance, which it had initially invested in the NBFC in 2015.
2017-09-07
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