Deal Announcement : Acuity Law acted for National Bank for Agriculture and Rural Development (NABARD) on their strategic investment in Online PSB Loans Limited raising ~INR 80 Crores in a Series A round

We are delighted to announce that Acuity Law acted for National Bank for Agriculture and Rural Development (“NABARD”), on their strategic investment in Online PSB Loans Limited (OPL) raising ~INR 80 Crores in a Series A round. HSBC also invested in this round.

NABARD, India’s apex development bank, is dedicated to fostering sustainable and equitable agriculture and rural development. Its mission is to advance prosperity through participative financial and non-financial interventions, innovation, technology, and institutional development.

Acuity Law was involved in this transaction from the term sheet stage till closing the transaction including with respect to advising on risk mitigation strategies arising out of legal due diligence findings; and drafting, reviewing, negotiating, and finalizing the transaction and closing documents.

This transaction was successfully led by our deal team, comprising Partners Souvik Ganguly and Haseena Tapia Shahpurwalla, supported by Associates Hrithik Vyas and Anika Sharma.