Luthra And Luthra Acted As Counsel For 5 Bond Issuances By A Renewable Energy Infrastructure Investment Trust

Luthra and Luthra Law Offices India advised Nippon Mutual Fund (the “Holders”) in connection with the private placement of up to 5,000 senior, secured, rated, listed, redeemable, non-convertible debt securities aggregating to Rs. 50,00,00,000 by Virescent Renewable Energy Trust (the “InvIT”) (the “Issue”).The InvIT currently owns and manages a portfolio of 16 operational solar projects across 7 states in India, with an aggregate capacity of 538.2 MW DC/ 455 MW AC and runs primarily with the...

Luthra And Luthra Advised IREDA An Relation To Financing Of 7 Renewable Energy Power Projects Having Value Of INR 673.32 Crores

Luthra and Luthra Law Offices India advised Indian Renewable Energy Development Agency Limited (“IREDA” or the “Lender”) in relation to the financial assistance granted to 7 (seven) SPVs of NSL Group aggregating up to INR 673,32,00,000 in connection with 7 renewable energy power projects spread across the states of Gujarat, Maharashtra and Tamil Nadu.The Firm acted as the Lender’s Legal Counsel and the transaction team consisted of Partner, Purvi Dabbiru and Associates – Aishwarya Dixit, Pragya...

Luthra And Luthra Acted As Legal Counsel To Magenta EV Solutions Towards Its USD 22 Million Investment Round

The Firm acted as legal counsel to Magenta EV Solutions Private Limited (“Magenta”), who has raised an investment of USD 22 Million from 2 investors – bp Technology Ventures and Morgan Stanley India Infrastructure FundThe Firm was involved in (a) conducting legal due diligence, (b) structuring of the transaction, (c) drafting, negotiating, and finalizing transaction documents, including the share subscription agreement, shareholders’ agreement, disclosure letter, (d) assisting with closing...

Argus Partners Advises Ofbusiness On Its Acquisition Of Koeleman India

Argus Partners has advised Softbank and Tiger Global backed, OfBusiness (a raw material procurement and financing platform for small and medium enterprises), in relation to its acquisition of 100% stake in Koeleman India from Koeleman Foods International B.V.This acquisition marks the foray of OfBusiness in the food processing sector and gives OfBusiness the access to Koeleman’s state-of-the-art food processing unit in Narsapura, Karnataka and its export markets spread across United States,...

Luthra And Luthra Law Offices India Advised Medi Assist To Its Acquisition Of 100% Stake In Raksha Health Insurance

Luthra And Luthra Law Offices India Recently Advised Medi Assist Est Insurance TPA Private Limited In Relation To Its Acquisition Of 100% Stake In RAKSHA HEALTH INSURANCE TPA PVT LTD.The Firm acted as legal counsel to Medi Assist and advised on all legal aspects in relation to the transaction.The transaction team comprised of Associate, Ms. Sai Meghana Konda and Partner, Mr. Vasudev Dibbur.Through this acquisition, Medi Assist hopes to grow its retail segment by 30%. It will help expand its...

Luthra And Luthra Advises ixamBee In Its INR 5 Crore Pre-Series A Fundraise Led By Inflection Point Ventures (IPV)

Atozlearn Edutech Private Limited (ixamBee) is an online learning platform that provides best-in-class technology-based learning solutions for students undertaking competitive exams, with the objective of grooming a new generation of intelligent learners by making quality education accessible. The platform helps unskilled graduates and undergraduates prepare for competitive exams for jobs in central government, banks, state governments, railways, LIC, RBI, NABARD, SEBI, and other competitive...

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...