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AZB acts on Manipal, Centrum $42m investment in Jana Small Finance

Manipal Education and Medical Group chairman Ranjan Pai and Centrum Group have invested around Rs 300 crore in Jana Small Finance Bank, giving the Bengaluru-headquartered firm further ammunition to fight out rivals and scale up its business. The investment round valued Jana, formerly Janalakshmi Financial Services, at Rs 5,742 crore or $800 million, people directly aware of the matter said.
The Times of India

AZB & Partners advised Manipal Health Systems Private Limited, Centrum Financial Services Limited and Centrum Retail Services Limited led by a team of partner Anand Shah, and associates Shivanand Nayak, Ashnee Desai and Vivek Narang.


Deal value: $42.2m / INR 3000m

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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