JSA advised LeapFrog Investments and Aavishkaar Capital are injecting approximately ₹399.4 crore ($48 million) into Electronica Finance Limited, marking their investment into the company.
JSA played a pivotal role in facilitating this investment deal for LeapFrog and Aavishkar Capital. The transaction team, led by Partner Sidharrth Shankar and including Prakriti Jaiswal, Dhruv Malhotra, Jatin Oberoi, Pranav Rao N, and Shubhankar Tiwari, received additional support from Vaibhav Choukse, Ela Bali, Aditi Khanna, and Avni Sharma.
This transaction, subject to prior approval from the Reserve Bank of India, will conclude after the 30-day regulatory notice period.
Electronica Finance, a subsidiary of the SRP Electronica Group, operates as a ‘middle-layer’ non-banking financial company under the regulation of the Reserve Bank of India. Its services encompass machine loans, business loans, rooftop solar loans, loans against property, institutional lending, working capital loans, and loans to micro-enterprises.
LeapFrog Investments focuses on investments in healthcare, financial services, and climate solutions businesses across high-growth global markets, while Aavishkaar Capital manages impact funds targeting regions in the global south.
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