AZB advises on Matrix-Bhartiya Samruddhi PE deal

AZB’s Mumbai based Telecom partner, Abhijit Joshi advised Matrix Partners India Investments in acquiring a 15 percent stake in Bhartiya Samruddhi Finance Limited (BSFL) worth Rs. 100 crore ($ 22 million). Netherlands-based Hivos Triodos Fonds and Lok Capital have invested Rs. 12.7 crore ($2.78 million) and Rs. 5.5 crore ($1.22 million) respectively.