JSA advised IIFL Capital Services Limited, the Lead Manager, in connection with the rights issue of Fusion Finance Limited (formerly known as Fusion Microfinance Limited), involving up to 6,10,58,392 partly paid-up equity shares aggregating to approximately ₹799.86 crores.
The Letter of Offer was filed on March 29, 2025, and the issue closed on April 25, 2025.
Fusion Finance Limited is a non-banking financial company (NBFC), and microfinance institution focused on providing financial services to underserved and unserved women across rural, semi-urban, and urban areas in India, with household incomes of up to ₹300,000.
The JSA team was led by Madhurima Mukherjee Saha (Lead Partner) and included Anuj Pethia (Partner), Bhavini Mohan (Senior Associate), and Kumar Shubham, Anshuman Singh, and Devina Chopra (Associates).
Anuj has more than 16 years of experience and has acted on various Indian and international capital markets transactions including some of the sophisticated and pioneer offerings in the last two decades advising issuers, underwriters, promoters and selling shareholders across sectors.