Cyril Amarchand Mangaldas (“CAM”) advised Peak XV Partners, in relation to its minority investment, in Prayaan Capital Private Limited, which is registered as a Non-Banking Financial Company-Investment and Credit Company with the Reserve Bank of India (“RBI”), pursuant to a share subscription agreement and shareholders’ agreement.
CAM’s role involved, structuring the transaction, documentation, negotiations, legal due diligence, transaction execution and closing.
The transaction was led by Anu Tiwari, Partner (Head — Fintech and Financial Services) and Bhargav Joshi, Partner, with support from Jemima Chelliah, Senior Associate.
The due diligence was led by Bhargav Joshi, Partner; Jemima Chelliah, Senior Associate; Saumya Sharma, Vidisha Sharma, and Arushi Kankariya, Associates.
