Verist, Algo assist Gojo stake increase in Satya

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Verist Law advised Satya Microcapital on its recent ₹1.05 billion (US$13.9 million) capital infusion from Gojo & Company. Algo Legal advised Tokyo-headquartered Gojo, which is an existing shareholder in Satya Microcapital.

The deal, which is part of Gojo’s efforts to shore up its ownership of Satya Microcapital, was signed on 28 March and closed on 22 May.

Verist Law’s team comprised managing partner Srishti Ojha, senior associate Suswagata Roy and associate Akash Meena.

Algo Legal’s team comprised partner Jitender Tanikella, associate partner Prateek Mohapatra, and associates Gaurang Singh and Mayank Jhunjhunwala.

Satya Microcapital is a micro finance institution based in Delhi. Gojo & Company operates financial businesses that contribute to financial inclusion of marginalized populations.