“Marking its third deal in the nonbanking finance company space, multi-stage investment firm Norwest Venture Partners has invested $30 million (Rs 200 crore) in Chennai-based Veritas Finance to acquire about 15% stake,” according to reports.

Shardul Amarchand Mangaldas advised Norwest Venture Partners led by a team of partner Siddharth Nair; associate Ritwik Mukherjee, associate Vibhu Khanna.

Update 29 May 2019: J Sagar Associates advised Veritas Finance led by a team of partners Aarthi Sivanandh and Bhavana Alexander, associates Bhargavi Ravi, Pavithra Manivannan and Abhishek Iyer.

CDC was represented by Platinum Partners.

2018-10-15

Deal value: US$ 27 million

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