JSA advised Creation on its investment in Vastu Housing Finance Corporation Ltd.

JSA advised Creation Investments India IV, LLC (Creation) in its investment in Vastu Housing Finance Corporation Ltd. (Vastu).

Vastu is backed by Multiples Asset Management and senior industry leaders from the BFSI sector. In this round, Vastu raised about $200 million (around Rs. 1,460 crores), which was led by Creation Investments and Norwest Partners. IIFL Asset Management also invested in this round. The transaction involved primary equity infusion of about $125 million (Rs. 912 crores) and the balance was by way of a secondary sale by current investors.

Vastu is a digitally enabled retail affordable finance company. Vastu has also set up a NBFC – Vastu Finserve for vehicle and MSME financing to become a diversified consumer lender.

JSA team comprised Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Senior Associate – Amandeep Singh Virk, Associate – Manan Kapoor, Partner (Direct Tax) – Kumarmangalam Vijay, Associate (Direct Tax) – Shiv Singhal, Partner (Indirect Tax) – Manish Mishra, Senior Associate (Indirect Tax) – Shikha Parmar, Partner
(Finance Team) – Anjana Potti, Principal Associate (Finance Team) –Abhishek Ray, Associate (Finance Team) – Sounak Chakraborty.