DMI Finance Announces The Closure Of A USD 400 Million Equity Investment Round Led By Mitsubishi UFJ Financial Group, Inc.

DMI Finance Private Limited (“DMI Finance”) today announced the closure of a USD 400 million equity investment round led by Mitsubishi UFJ Financial Group, Inc. through its consolidated subsidiary MUFG Bank, Ltd (“MUFG”), with participation from existing investor Sumitomo Mitsui Trust Bank Limited (“SuMi TRUST Bank”). This round includes primary and secondary transactions.Amicus Advocates and Solicitors acted as legal counsel to DMI Finance Private Limited (part of DMI Group) The transaction...

Obhan & Associates Represents Behno In Its Engagement Of Katrina Kaif As Brand Ambassador

Behno is a New York based womenswear label that manufactures ethically made handbags and luxury leather goods. Behno has recently engaged the Bollywood actress, Ms. Katrina Kaif as its brand ambassador. Obhan & Associates acted as the legal counsel to Behno and reviewed and negotiated the endorsement agreement executed with Katrina Kaif and her talent management agency. The transaction was led by a team comprising of Ashima Obhan (Senior Partner), Akanksha Dua (Principal...

Luthra And Luthra Advises LoanTap On Unofin Acquisition

Lending platform LoanTap Financial Technologies Private Limited (LoanTap) has acquired Unofin, a healthcare-focused fintech venture for an undisclosed sum.Luthra and Luthra Law Offices India advised LoanTap on all aspects of the transaction documentation.With this acquisition, LoanTap aims to leverage Unofin's expertise in healthcare financing to expand its reach in the rapidly growing healthcare sector in the country.The transaction team was led by Partner, Sarika Raichur and ably assisted by...

Obhan & Associates Acts As Legal Counsel To Forest Essentials In Its Expansion To The Middle East

Mountain Valley Springs India Private Limited, commonly known by its brand name 'Forest Essentials', a leading manufacturer of luxury ayurvedic skincare, haircare and beauty products in India, has entered into agreements with the Apparel Group, the leading fashion and lifestyle retail conglomerate based in Dubai; for the distribution and marketing of Forest Essentials' products in the Middle East, including in the United Arab Emirates, Saudi Arabia and Kuwait. This collaboration will mark Forest...

Kochhar & Co. Represents GAIL In It’ Successful Bid For JBF Petrochemicals Under IBC

Kochhar & Co. Represented Gas Authority of India (GAIL) in its successful bid for debt-laden JBF Petrochemicals under India’s Insolvency and Bankruptcy Code, 2016 (IBC). The Firm’s Restructuring Practice Group advised GAIL on the Corporate Insolvency Resolution Process (CIRP) under IBC with in-depth assistance from the Disputes Practice Group culminating in the approval of GAIL’s resolution plan by the NCLT Ahmedabad on 13.03.2023.Kochhar & Co. comprised of Senior Partner Pradeep...

Kochhar & Co. Advises Sub-K Impact Solutions In Acquiring Stake In Prayaan Capital

Kochhar & Co. advised Sub-K Impact Solutions Limited, a digital financial intermediary that leverages the power of technology and local entrepreneurship to offer last-mile banking and financial solutions, in its acquisition of nearly 25% shareholding in Prayaan Capital Private Limited.The transaction entailed subscription to compulsorily convertible preference shares as well as equity shares issued by Prayaan Capital. Upon closure of the transaction, Sub-K is now the single largest...

Luthra And Luthra Advises Krafton As A Lead Investor In One Impression’s USD 10 Million Funding Round

Luthra And Luthra Law Offices India Represented, Krafton Inc.,South Korean Gaming Giant,In Connection With Its Participation As The Lead Investor In One Impression’s USD 10 Million Funding Round. The Series A Funding Round Also Saw Participation From Peercapital. One Impression Is One Of The Leading Influencer Marketing Platforms, Which Runs Active Campaigns In Over 12 Countries, Including India, The US, Australia, And Indonesia. One Impression Has Worked With Prominent Brands Such As...

Dua Associates Advises SBICAP Ventures Limited's SWAMIH Investment Fund-I In Its Rs 362 Crore Funding Of Kashish Developers Limited

Dua Associates advised and assisted SBICAP Ventures Limited's SWAMIH Investment Fund-I in its Rs 362 crore funding of Kashish Developers Limited for the Gurugram-based residential project – Manor One. This transaction once again underscores the role of the Investment Fund as a significant player in the last-mile funding of the stressed & stalled real estate projects. The team for Corporate Due Diligence and Documentation was led by Prateek Bedi (Partner), Nityashjit Kaur ...

Kochhar & Co. Successfully Defends GAIL Against Nagarjuna’s Claim Of INR 2800 Crores

Kochhar & Co. advised as legal counsel to GAIL (India) Limited in the arbitration proceedings involving Nagarjuna Fertilizers and Chemicals Limited (“NFCL”). Kochhar & Co. acted for GAIL and successfully defended claim of INR 2800 crores by NFCL. The dispute arose out of Gas Transmission Agreement (“GTA”) and Gas Sales and Transmission Agreements (“GSTAs”) executed for supplying and delivering natural gas to NFCL’s fertilizer plants at Kakinada in Andhra Pradesh. Out of NFCL’s ...

Dua Associates Advises Pavion In Its Acquisition Of Netronix Integration

Pavion (formerly Corbett Technology Solutions, Inc. "CTSI"), a leading provider of integrated solutions for fire, safety, security, and critical communications, has acquired Netronix Integration ("Netronix"). The acquisition was completed on February 28, 2023 and is expected to strengthen Pavion’s knowledge and service delivery in security technologies, such as access control, video surveillance, and intercom systems. Dua Associates’ team led by Sunil Malik, Senior Advisor and Prateek...

Argus Partners Advises Tega Industries Limited On Its Resolution Plan For Acquisition Of Mcnally Sayaji Engineering Limited

Argus Partners has successfully advised Tega Industries Limited (“Tega”) in obtaining approval from the Kolkata bench of National Company Law Tribunal for the resolution plan submitted for acquisition of McNally Sayaji Engineering Limited (“MSEL”), which was undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.The scope of engagement involved undertaking a due diligence of MSEL, drafting of the resolution plan and finalization of the same basis...

Dua Associates Advises Mphrx, A Provider Of Value-Based Care Technology And Interoperability Solutions In Stake Sale To Agilon Health

mphrX which is engaged in transforming the world of healthcare through continuous digital innovation and value-based care technology was acquired by agilon health (NYSE: AGL). The transaction closed on February 28, 2023 and represents a $45 million investment by agilon. Dua Associates’ team of Partners Prateek Bedi and Angad Varma, Senior Advisor Sunil Malik, Principal Associates Nityashjit Kaur and Rahul Goyal, advised mphrX on Indian law aspects of the transaction including advise on...