New York-based Encourage Capital has invested over Rs 100 crore ($14 million) in Electronica Finance Ltd (EFL) to fund the Pune-based lender’s expansion into the rooftop solar financing business. — VCCircle

Desai & Diwanji advised Encourage Capital led by a transaction team of partner Aneesh Gupte and senior associate Shireen Langrana; due diligence involved the transaction team, as well a senior associate Abhishek Kalra associate Shreya Iyer, associate Satvik Kulshrestha and associate Priyanshi Lodha.

Cyril Amarchand Mangaldas acted for Electronica Finance Ltd, led by partner Yashojit Mitra and director Devyani Singh (M&A).

2019-11-28

Deal value: $14 million

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