Dua Associates Advises Kwality Animal Feeds Private Limited In Its Sale To Allana subsidiary India Poultry Alliance In Deal Valued At ₹300 crore

Dua Associates advised the promoters of Kwality Animal Feeds Private Limited in sale of 100% of their equity shares to Indian Poultry Alliance Private Limited (IPA), a part of Allana Group. Dua Associates assisted in the drafting, finalization and negotiation of the transaction documents and also assisted with the closure of the transaction.The deal team from Dua Associates consisted of Senior Advisor Sunil Malik, Partner Prateek Bedi, Principal Associate Rahul Goyal, and Senior Associate,...

Singhania & Co. Acted As Legal Counsels For SIDBI & FIRST

Singhania & Co. acted as legal counsels for Small Industries Development Bank of India (“SIDBI”) and Foundation for Innovation and Research in Science Technology, Indian Institute of Technology, Kanpur (“FIRST”) (collectively referred to as the “Investors”) in relation to their investment in Mild Cares Private Limited (“Company”). The Company, known for its brand MildCares, is engaged in the development of personal care and hygiene products through technology-driven, sustainable...

Kochhar & Co. Advises IREDA On Its INR 15.13 Billion Financing Availed By Oyster Green Hybrid One Pvt. Ltd. For The Development Of Its Solar-Wind Hybrid Project

Kochhar & Co.advised Indian Renewable Energy Development Agency Limited (“IREDA”) on an INR 15.13 billion (approximately USD 175 Million) project financing of a 280.9 MW wind solar hybrid group captive project sponsored by Oyster Renewable Energy Private Limited. The borrower was Oyster Green Hybrid One Private Limited (“Oyster Green”) and the power offtaker, a leading Indian steel manufacturer (the “Project”).The transaction involved the Project's development in phases across the Indian...

Kochhar & Co. Advises Tonbo Imaging India Private Limited In Raising INR 175 Cr In Series D Pre-IPO Funding

Kochhar & Co. acted as legal counsel to Tonbo Imaging India Limited (“Tonbo”) in raising INR 175 Cr in a Series D pre-IPO funding round led by Florintree Advisors, Tenacity Ventures and Export Import Bank of India (Exim Bank).Tonbo is at the forefront of advanced defence systems, specializing in infrared imaging, artificial intelligence and cutting-edge battlefield intelligence and protection systems. The Firm provided end to end support and assistance in the transaction which entailed...

Lakshmikumaran And Sridharan Attorneys Advises LÄPPLE Group On Sale And Transfer Of Its Rotary Table Unit Business In India

Lakshmikumaran and Sridharan Attorneys (L&S) advised and acted for Fibro India Precision Products Private Limited (Fibro India), a subsidiary of LÄPPLE AG, in the sale and transfer of its rotary table unit business to Fibro Rotary Tables India Private Limited (a newly formed entity of the acquirer), as part of LÄPPLE Group's global restructuring.LÄPPLE Group, a global leader in manufacturing solutions, undertook a strategic realignment involving the transfer of its Rotary Table business...

Dua Associates Advises SBI Ventures Limited's SWAMIH Investment Fund-I In Its Funding Of Rudra Buildwell Homes Private Limited

Dua Associates advised and assisted SBI Ventures Limited's SWAMIH Investment Fund-I in its Rs 380 crores funding of Rudra Buildwell Homes Private Limited for the Greater-Noida based residential project – Aqua Casa. This transaction once again underscores the role of SWAMIH Investment Fund-I as a significant player in the last-mile funding of the stressed & stalled real estate projects.The Dua Associates' team for Corporate Due Diligence and Documentation was led by Prateek...

Lakshmikumaran And Sridharan Attorneys Advised Shareholders Of Oremus Corporate Services On Their Acquisition By Fornax Corporate Services

Lakshmikumaran and Sridharan Attorneys advised and acted for the shareholders of Oremus Corporate Services Private Limited ('Company') in their exit and the eventual acquisition of the Company by Fornax Corporate Services Private Limited.Oremus is one of the leading market players in provision of back-office support services to business organizations with over 20 years of specialized expertise in accounting, payroll, compliance and finance. The company has offices and operations in India, the...

Lakshmikumaran & Sridharan Attorneys Advised IndiaMART InterMESH Limited On Secondary Acquisition Of Shares Of Mobisy Technologies Private Limited

Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel for IndiaMART InterMESH Limited (“IndiaMART”), India's largest B2B marketplace, in secondary acquisition of securities of Mobisy Technologies Private Limited (“Mobisy”).Mobisy operates Bizom, a SaaS based end-to-end retail intelligence platform for brands and B2B retailers. The platform allows businesses to digitize the end-to-end sales and distribution platform from sales force automation, distributor management system, and...

Kochhar & Co. Advises Adani Defence On Acquisition Of Air Works, India's Largest Private MRO Company

Kochhar & Co. Advised Adani Defence Systems & Technologies Limited (ADSTL) in the execution of transaction documents for the acquisition of an 85.8% shareholding in Air Works, India's largest private sector MRO company, with the most extensive pan-India footprint. The transaction is valued at an enterprise value of INR 400 crore.Air Works' operations span 35 cities, and its workforce of over 1,300 personnel brings considerable expertise in maintaining both fixed-wing and rotary-wing...

Elections To All Bar Associations Shall Be Held On February 07: Delhi High Court

The Delhi High Court has recently ordered that elections to all Bar Associations in the national capital shall be held on February 07, 2025.A full bench comprising of Justice Yashwant Varma, Justice Rekha Palli and Justice C Hari Shankar decided the date after taking into consideration the submissions made by counsels as well as bearing in mind various preparatory steps liable to be taken for holdings of elections with due expedition. “The elections to all Bar Associations in Delhi shall...

Dua Associates Advises BLS E-Services Limited In Its Acquisition Of Controlling Stake In Aadifidelis Solutions Private Limited

BLS E- Services Limited (BLS) acquired 57 per cent controlling interest of Aadifidelis Solutions Pvt Ltd (ASPL) and its affiliates. This acquisition was completed for Rs 123 crore of which Rs 78 crore has been invested upfront including a Rs 25 crore primary infusion into ASPL. Additional payments are planned based on achievement of specific EBITDA milestones in the financial years 2024-25 and 2025-26 by ASPL. The transactions closed on November 28, 2024. Dua Associates' team...

Lakshmikumaran & Sridharan Attorneys Advised IndiQus Technologies On Strategic Acquisition By Yotta

Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel for IndiQus Technologies in connection with its acquisition by Yotta Data Services, a managed data center service provider owned by the Hiranandani Group. IndiQus Technologies, the parent organization of Apiculus, is a cloud platform provider that collaborates with telecom service providers (Telcos, ISPs, and data center providers) globally, enabling them to build profitable in-country cloud businesses. This strategic...