“Marking its third deal in the nonbanking finance company space, multi-stage investment firm Norwest Venture Partners has invested $30 million (Rs 200 crore) in Chennai-based Veritas Finance to acquire about 15% stake,” according to reports.

Shardul Amarchand Mangaldas advised Norwest Venture Partners led by a team of partner Siddharth Nair; associate Ritwik Mukherjee, associate Vibhu Khanna.

Update 29 May 2019: J Sagar Associates advised Veritas Finance led by a team of partners Aarthi Sivanandh and Bhavana Alexander, associates Bhargavi Ravi, Pavithra Manivannan and Abhishek Iyer.

CDC was represented by Platinum Partners.

2018-10-15

Deal value: US$ 27 million

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.