Savani Financials Raises ₹49 Crores to Revive NBFC Operations with Rights Issue
Savani Financials Limited has successfully raised ₹49 crores through a Rights Issue of partly paid-up equity shares. This significant financial maneuver marks a pivotal step in the company’s strategic plans to rejuvenate its business operations.
Rajani Associates acted as the legal advisor to Savani Financials for this transaction. The advisory team was led by Partner Sangeeta Lakhi and Associate Niharika Payannavar, who provided comprehensive guidance throughout the process.
Savani Financials Limited, a non-deposit-taking Non-Banking Financial Company (NBFC), had been dormant for approximately a decade prior to this Rights Issue. The infusion of ₹49 crores is intended to bolster the company’s capital base and support the revival of its business activities as a functioning NBFC. This move is expected to enhance Savani Financials’ operational capabilities and market presence significantly.
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
