Manipal Education and Medical Group chairman Ranjan Pai and Centrum Group have invested around Rs 300 crore in Jana Small Finance Bank, giving the Bengaluru-headquartered firm further ammunition to fight out rivals and scale up its business. The investment round valued Jana, formerly Janalakshmi Financial Services, at Rs 5,742 crore or $800 million, people directly aware of the matter said. — The Times of India

AZB & Partners advised Manipal Health Systems Private Limited, Centrum Financial Services Limited and Centrum Retail Services Limited led by a team of partner Anand Shah, and associates Shivanand Nayak, Ashnee Desai and Vivek Narang.

2018-11-29

Deal value: $42.2m / INR 3000m

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