JSA advised British Asian Trust (BAT) in implementing a DIB worth USD 11 million to improve the education outcome of students in Delhi and Gujarat


J. Sagar Associates (JSAadvised British Asian Trust (BAT) in connection with implementing a ‘development impact bond’ (DIB) structure worth USD 11 million to improve the educational outcome of 300,000 students in Delhi and Gujarat. This DIB, an innovative financing model where funding is hinged on measurable outcomes of the relevant social projects, has been cited as the largest education DIB in the world.

The DIB has been implemented by BAT in partnership with other philanthropic foundations such as Michael and Susan Dell Foundation, Tata Trust and UBS Optimus Foundation.

The JSA team included: Partner – Probir Roy Chowdhury, Senior Associate – Sherill Pal and Associate – D Divyanshu.

Last Updated on 28th January 2019

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