AZB advises old client Michael Susan Dell Foundation on $1m debt financing to NBFC Shiksha Finance

Wednesday, 22 November 2017 By Rukmini Biswas Finance

The Michael & Susan Dell Foundation (MSDF), along with Aspada Investment Company have raised INR 6.7 crores (USD 1 million) through the acquisition of debentures in Chennai-based school financing firm Shiksha Financial Services, a non-banking financial company focusing on school and student loans, as reported by Business Standard.

AZB & Partners advised and acted for Micheal & Susan Dell Foundation represented by senior partner Hardeep Sachdeva along with senior associate Anshuman Singh. The foundation has been a long-standing client of the firm and Sachdeva.

Incorporated in 2014, Shiksha provides loans to schools to help develop infrastructure and loans for students to help families from lower-income groups finance the education of their children and is currently active in the states of Tamil Nadu, Karnataka, Andhra Pradesh and in Puducherry.

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AZB & Partners

Comments

Surprised 22 Nov 2017, 14:46
+4 -0
1 Million?? Seriously?? and AZB did a press release of this?
BJP supporter 22 Nov 2017, 18:32
+0 -0
Please cover this story: Republic TV has done a sting operation against the Jindal VC for trying to help Shashi Tharoor and influence the Sunanda Pushkar murder case. The Congress link has been exposed.

http://www.republicworld.com/s/13122/sunanda-pushkar-murder-case-number-sunandaforensicmail-shows-how-an-attempt-was-made-to-influence-government

#SunandaForensicMail

https://twitter.com/republic/status/933262957651226624
kianganz 23 Nov 2017, 10:21
+0 -0
I really don't quite understand this story - what is the news or implication here? Please explain.
BJP supporter 23 Nov 2017, 20:13
+0 -0
Implication is this:

1) Dr Subramanian Swamy has called this development "brazen", "violation of the law", "tampering with the investigation" and a "breakthrough". See here:
https://www.youtube.com/watch?v=8eYl3hkGZ1w&t=2m

2) Now proven that this report in the Hindu originated from the Jindal VC. http://www.thehindu.com/news/national/expert-says-sunanda-death-selfinduced/article6524792.ece

3) Shows Congress links of Jindal law school.

4) Shows that foreign-educated intellectuals in universities are Congresswalas. Except Republic TV no media is giving the true picture
Debt financing 22 Nov 2017, 23:54
+4 -4
Apparently a law firm associate gave INR 10000 to her maid for her to pay her son's and few other children's school fees. The parties decided not to engage separate legal counsels for this transaction. Please treat this as press release and publish the same.
Salve 23 Nov 2017, 12:51
+1 -0
The name of the client carries as much relevance as the complexity of the transaction or the deal value. If being associated with a large philanthropic foundation fails to impress you - you are clueless about matter credits dude. Please save your sarcasm.
times of india 23 Nov 2017, 01:21
+1 -0
nice to see azb reporting 1 million deals
Bhai Bhai Bhai 23 Nov 2017, 04:25
+7 -1
Perhaps we should look at the philanthropic aspect of the deal, i.e. to assist in the development of the education sector among the lower income group students, and not the deal value.
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