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...

Luthra And Luthra Advises First Coffee On $1.2 Million Fundraise Led By Beenext

Luthra and Luthra Law Offices India acted for Savage Coffee Private Limited (First Coffee), a specialty premium coffee brand, in its fundraise of USD 1.2 Million. The investment was led by Beenext with participation from other investors such as Ashish Gupta (Helion Venture Partners), AngelList India, Ritesh Malik (founder, Innov8), Sahil Malik (founder, Da Milano), Aman Arora (cofounder, board-Keventers), Agastya Dalmia (director, Keventers), among others.First Coffee is a fast-growing specialty...

Luthra And Luthra Law Offices India Advises SBI-Led Consortium In Financing For Adani's Renewable Energy Hybrid Project

Luthra and Luthra Law Offices India advised State Bank of India and other consortium lenders in relation to financial assistance aggregating up to INR 7163.00 Crore sanctioned to Adani Hybrid Energy Jaisalmer Five Limited for the purpose of setting up of 1190 MW (installed capacity of 1363 MW) renewable energy hybrid power projects (consisting of solar power plant and wind farm) in the State of Gujarat, India. The core transaction team consisted of Girish Rawat, Partner, Varun Chauhan, Partner...

Luthra And Luthra Advises SWAMIH Fund On INR 195.50 Crore Investment For Completion Of KVD Wind Park In Greater Noida

Luthra and Luthra Law Offices India acted for and advised the Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund in connection with investment innon-convertible debentures to provide last mile finance to K V Developers Private for completion of construction ofa group housing project in Uttar Pradesh.SWAMIH Fund has approved INR 195.50 Crore for completion of group housing project titled “KVD Wind Park” (comprising of 7 (seven) residential towers and 2 (two) commercial tower...

Luthra And Luthra Advises Dr. Paws Healthcare Private Limited In INR 7.8 Crore Fundraise To Launch Modern Veterinary Clinics Across India

Luthra and Luthra Law Offices India advised Dr. Paws Healthcare Private Limited in its INR 7,80,00,000 (Indian Rupees Seven Crore Eighty Lakh) fundraise from lead investor Sauce.vc along with other angel investors including Curefoods' Ankit Nagori, Zetwork's Rahul Sharma, Cult.fit's Naresh Krishnaswamy, and Tracxn's Abhishek Goyal.Udit Gadkary and Rakesh Santhapur started Dr. Paws this year, after realising that there was a dearth of specialised and one-stop shop clinics for pet lovers. With...

Kochhar & Co. Advises REC Limited On INR 1,171.17 Crore Credit Facility To Kannur International Airport Limited

Kochhar & Co. as a legal advisor to REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power in India, advised in extending a significant credit facility of INR 1,171.17 crore (INR 11,712 million) to Kannur International Airport Limited, an unlisted public limited company promoted by the Government of Kerala. The credit facility is aimed at refinancing the airport's existing debt.The firm provided comprehensive legal support throughout the transaction,...