S&R Associates represented Aavishkaar Venture Management Services, India’s largest impact investment firm, Arohan Financial Services, an RBI-registered NBFC-MFI (microfinance institution), and Ashv Finance, an RBI-registered NBFC-ICC (investment and credit company), in a capital reduction transaction for INR 3.72 billion in consideration other than cash. This transaction is the first-ever capital reduction in the financial services sector approved by the National Company Law Tribunal.
The S&R team was led by partners Viral Mehta and Dhruv Nath and counsel Kanika Khanna, and included associates Komal Parakh and Gayathri Kamath on corporate matters; Simran Dhir, head of competition practice and counsel Akshat Kulshrestha on competition law matters; and partner Shahezad Kazi and associate Ridhima Chandani on litigation matters.