Bär & Karrer Advised CIMO in the Negotiations with the Swiss Confederation regarding the Use of a Reserve Power Plant
CIMO Compagnie industrielle de Monthey SA entered into an agreement with the Swiss Confederation, under which the latter may use the thermic power plant Thermatel in Monthey as strategic backup source in case of electricity shortfalls. The power plant is already available in winter 2022/23 and currently provides approx. 40 MW of power. After a …
Argus Partners advises Tega Industries Limited on its resolution plan for acquisition of McNally Sayaji Engineering Limited
We are pleased to inform that 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.
IndusLaw Deal Report- PhonePe funding from Ribbit_TVS_Tiger
PhonePe has agreed to raise USD 100 million from Ribbit Capital, Tiger Global and TVS Capital Funds at a pre-money valuation of USD 12 billion [1]. This new investment would follow the recent USD 350 million primary fundraise that had closed in January 2023.
IndusLaw Deal Report -Blue Tokai funding
Our Firm advised and represented Muhavra Enterprises Private Limited (“Blue Tokai”) in relation to Series C funding of USD 30 million from A91 Emerging Fund II LLP (“A91”) and other existing investors. [1]
IndusLaw Deal report (Sarvagram)
Our Firm advised and represented SarvaGram and Elevar in relation to investment of USD 35 million into SarvaGram by Temasek, TVS Capital Funds, and existing investors, Elevar and Elevation Capital [1].
IndusLaw Deal Report – Takahata -Shriram
Takahata Precision Co. Ltd. and Takahata Precision Pte. Ltd. (“Takahata Group”) have executed a share purchase agreement and other definitive documents with SPR Engenious Limited, a wholly owned subsidiary of Shriram Pistons & Rings Limited (“SPRL”), in relation to a divestment of 75% of their shareholding in Takahata Precision India Private Limited (“Takahata India”) [1].
IndusLaw Deal Report – Syngene Block deal
Our Firm has advised Spark Institutional Equities and Avendus Capital in relation to the recently concluded stake sale of Syngene International by its promoter Biocon Limited through a block deal on the screen based trading platform of stock exchanges. Syngene is an integrated research, development and manufacturing organisation providing scientific services – from early discovery …
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IndusLaw Deal Report – ReNew
Firm advised and represented ReNew Power Private Limited (“Renew India”) in relation to acquisition of shares in 3E NV by Renew Power International Limited (a UK based affiliate of Renew India) from the shareholders of 3E NV in two tranches.
IndusLaw Deal Report – Renee Cosmetics Series C
Our Firm advised and represented Evolvence in relation to its Series C investment into Renee Cosmetics Private Limited along with other investors – Edelweiss Discovery Fund, Equanimity Ventures Trust and 9Unicorns Accelerator [1]. This also leads to creating a USD 100 million valuation for the brand in a little over two years of operations.
IndusLaw Deal Report – PhonePe Funding USD 350 million
Our firm advised and represented PhonePe in relation to its fund raise of USD 350 million from General Atlantic, a leading global growth equity firm, at a pre-money valuation of USD 12 billion[1]. The General Atlantic investment marks the first tranche of an up to USD 1 billion total fundraise that PhonePe commenced in January …
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