"Non-banking finance company Five Star Business Finance has raised Rs 333 crores (about $50 million) in its Series C round led by Norwest Venture Partners and Sequoia Capital. Existing investors including a fund managed by Morgan Stanley Private Equity Asia and Matrix Partners also participated in the round. The round saw Five Star raising Rs 318 crores through primary infusion with about Rs 15 crores coming in via a secondary sale of shares," reported the Economic Times.

Themis Associates Mumbai associate partner Siddharth Manchanda, senior associate Vandana Kothari and associate Neha Mirajgaoker acted for Sequoia.

Shardul Amarchand Mangaldas (SAM) partner Siddharth Nair and senior associate Asmita Mishra acted for Norwest.

Cyril Amarchand Mangaldas (CAM) partner Nivedita Tiwari acted for Morgan Stanley.

Rajaram Legal partner Archana Rajaram acted for Matrix and Five Star.