JSA advises in the rights issue of Sundaram Finance Holdings Limited

J. Sagar Associates (“JSA”) advised Sundaram Finance Holdings Limited (“SFHL”) in respect of its rights issue of INR 3,500 million. JM Financial Limited acted as the merchant banker to the transaction. SFHL is an automotive sector focused investment company with investments in 20 portfolio companies of which 15 companies are involved across the automotive manufacturing value chain, including several market leaders in their respective segments. The proceeds of the rights issue are towards acquisition of additional stake in one of India’s largest brake manufacturers, Brakes India Private Limited.

JSA Team comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya and Senior Associate – Krupa Brahmbhatt.