Rajani Associates advises Savani Financials on Rights Issue

July 6, 2024

Savani Financials Limited has raised ₹49 crores through a Rights Issue of partly paid-up equity shares.
Rajani Associates advised Savani Financials on this rights issue.
The transaction team included Partner Sangeeta Lakhi and Associate Niharika Payannavar.
Savani Financials Limited (SFL) is a non-deposit-taking Non-Banking Financial Company (NBFC). After being dormant for about 10 years, SFL plans to use the funds from the rights issue to strengthen its capital base and revitalize its business operations as an NBFC.

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