Spark Investment Banking (“Spark”) acted as the exclusive financial advisor to the transaction

Spark is pleased to announce that a consortium the successful closure of a INR 3,800 Mn equity round in SK Finance Limited ("SK Finance", "SK" or the "Company") from IIFL Asset Management Company. With this, the Company has raised over INR 11 Bn of external capital from marquee investors till date.

Spark also continues to maintain its leadership in the BFSI space having consummated 50+ transactions aggregating to ~USD 3.3 Bn

Rajendra Setia, Managing Director, SK Finance remarked, We have built a strong distribution franchise across rural and semi-urban markets in North, West and Central India over the last two and half decades. Our experience across multiple credit cycles has helped us in understanding the pulse of the consumer segment and catering to them over the years. We are grateful to our existing equity investors and our 55+ lenders for their unwavering support and are very pleased to bring on board IIFL AMC to our cap table. We appreciate Spar's support through the last 6 years on all our capital raises.”

Abhijit Chiripal, Managing Director & Head, Spark Investment Banking remarked “We have had the privilege to partner with Mr. Setia and SK Finance over the last six years, when the company has scaled up 10x in AUM, 4x in network and ~10x growth in PAT while delivering consistent performance metrics. We wish team SK the very best in the coming years."