PE/Strategic Investment

Online automobile marketplace Droom looks to raise $60-M

Mint

Online automobile marketplace Droom will raise up to USD 60 million in funding in the next few months as it looks to expand to international markets and for developing new products.

Omni Hospitals in talks to raise $50-M

Economic Times

Omni Hospitals, a Hyderabad-based healthcare services provider, backed by private-equity firm ASK Pravi Capital, is in talks with nearly a dozen PE firms to raise around $50 million (INR 322 crore), which includes an exit to the current PE investor. ASK Pravi had invested around INR 50 crore in two tranches and currently holds around 35% stake in Omni Hospitals. The healthcare services firm, which is a part of INCOR group, is being advised by Spark Capital.

Established in 2009, Omni Hospitals currently has six hospitals under its fold, which includes three in Hyderabad and one each at Visakhapatnam and Kurnool in Andhra Pradesh and one at Cuttack in Odisha with a cumulative capacity of 800 beds. The hospital is now looking at setting up six more hospitals at Bengaluru, Raipur,Mysuru, Pune, Indore and Bhubaneswar to take the total capacity to touch 2,000 beds in three years.

Nandan Nilekani-backed ShopX to raise $20-M from PE funds

Business Line

Assisted e-commerce platform for small shopkeepers ShopX plans to raise USD 20 million from PE funds to upgrade technology and enter new markets in North and East India with a target to reach 10 lakh retailers in the next three years. With a single strategic investor, Nandan Nilekeni, who has already made a seed round funding of USD 10 million, the Bengaluru-based start-up expects to offload at least 20% stake to PE funds in the next round. The funds would be used to grow geographically and develop new technology. ShopX currently has a GMV (gross merchandise value) of INR 20 crore and claims to have net margin profitability since it does not believe in giving deep discounts.

Edtech firm PositiveShift to raise $15-M

Business Line

PositiveShift, a skill development company offering learning solutions through an online platform, is looking to raise up to $15 million. The learning network platform has been developed with a seed funding of $750,000 and includes WIISE online, TV, Connect, Start and Junior.

Freyr Energy looking to raise $3-M

Business Line

Hyderabad-based renewable energy start up Freyr Energy is planning to raise $2-3 million. It has raised about INR 10 crore so far.

Sun Telematics in talks to raise $2-M

Economic Times

Taxi aggregator Sun telematics is in talks with investors from the US and India to raise USD 2 million (about INR 13 crore) by the middle of this year to expand its network base. The Bengaluru-based company has been profitable from first year and boasts strong unit economics. It raised USD 1 million in a pre-Series A round of funding last year to enhance product infrastructure and technology, and expand its footprint across India.

Biomedical devices focused Embryyo Tech to raise $2-M

Economic Times

Embryyo Technologies, which is developing BoxRx, an electronic drug adherence monitoring system, is looking to raise USD 2 million in the next three to five months. BoxRx, combined with web and mobile apps and a proprietary sensor strip, helps in the detection of the activity when a pill is removed from a blister packet of medicine. This activity is recorded and transmitted as an SMS to the clinician or the health-worker. The company is looking to license their technology to medical device makers.

FMCG analytics firm School of Fish looks to raise Rs.2.5 Cr

Business Line

Bangalore-based School of Fish Technologies, which provides an analytical solution to link manufacturers, retailers, is looking to raise over Rs.2.5 crore. It is incubated at the Nadathur S Raghavan Centre for Entrepreneurial Learning (NSRCEL) at IIM-Bangalore and sells to the manufacturers who get the app installed with their distributors and retailers. School of Fish Tech gets paid on a per order basis and is concentrating on Bengaluru and the National Capital Region. The new funding will be used to increase the base of retailers and improve technology.

Network 18 looking to sell restaurant search business Burrp

Publicly listed Network 18 is looking to sell food and restaurant search and recommendation engine Burrp.

Majority stake in Aadhar Housing Finance on the block

Mint

Mortgage lender Dewan Housing Finance Corp. Ltd (DHFL) plans to sell a majority stake in its Aadhar Housing Finance Ltd unit. Aadhar Housing Finance, which provides housing loans for low- and middle-income customers, It had a loan book of Rs1,736 crore as of 31 March 2016. DHFL has hired investment bank Rothschild to find a buyer. International Finance Corp. (IFC), a member of the World Bank Group, holds about a 20% stake in Aadhar Housing.

SoftBank might invest in Paytm as part of Freecharge merger

Economic Times

SoftBank Corp is considering a sizeable investment in Paytm owner One97 Communications in a deal that could value the Noida-based company at over $7 billion. SoftBank is seeking a 20% stake in the Noida-based company for a proposed investment of between $1.4 billion and $1.9 billion. As part of its negotiations with Paytm, Softbank is also exploring the sale of FreeCharge — the digital payments arm of Snapdeal.

Jasper Infotech, where Softbank has invested about $900 million, owns and operates both online marketplace Snapdeal and FreeCharge. The plan is to sell Snapdeal to Flipkart and FreeCharge to Paytm in return for shares in both companies.

Indiabulls Real Estate to raise funding from global PE firm: report

Business Standard

Indiabulls Real Estate is in the process of raising funds from a global PE fund. The company has said it would carve out its commercial and leasing business under Indiabulls Commercial Assets as a separate holding company to bring in strategic investments. The new commercial firm will have a net worth of INR 2,311 crore and net debt of INR 3,950 crore, after restructuring. It expects annuity revenue of INR 692 crore in 2017-18. Indiabulls Real Estate owns 55% in their assets estimated at INR 14,000 crore.

PE Exit

Warburg looking sell 10% in Capital First

Economic Times

Warburg Pincus plans to sell 10% stake in consumer lender Capital First to take advantage of a five-fold jump in share price and a strong equity market hovering at all-time highs. The US-based PE will make one of its best exits in India, recovering nearly the entire capital invested in the company through this part sale transaction. Warburg, which has invested about INR 790 crore at INR 162 per share in Capital First in multiple rounds since 2012, expects to raise about INR 712 crore through the share sale. Warburg owned 61.1% in Capital First as on December 31, 2016. The company recorded a net profit of INR 61.4 crore with a net interest income of INR 333.3 crore.

IPOs

Capacit’e Infraprojects files for Rs. 400-Cr IPO

Business Line

Real Estate construction company Capacit’e Infraprojects Ltd, has filed its Draft Red Herring Prospectus (DRHP) to raise Rs. 400 crore through an Initial Public Offering (IPO). The company will use the IPO proceeds for working capital requirements, purchase of capital assets (system formwork) and for general corporate purposes. Axis Capital, IIFL Holdings and Vivro Financial Services are the book running lead managers to the issue and Karvy Computershare is the registrar.

From the Venture Intelligence PE/VC Deal Database: In August 2015 Paragon Partners had invested INR 63-Crores in Capacite Infraprojects and in October 2016, Newquest joined Paragon Partners to invest INR 60 Crores (Subscribers to the database can login to view the valuation multiples, deal structuring and other transaction details.)

Govt invites merchant bankers for RVNL, RITES listing

Business Line

The Centre has initiated the process of listing of two more public sector units of the Indian Railways, including Rail Vikas Nigam (RVNL) and RITES. The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers to manage the initial public offers of the two PSUs. Divestment of 10 per cent is likely in both PSUs, which are fully owned by the government at present.The government would appoint up to five merchant bankers for managing the IPO of RVNL and four for RITES. The last day for submitting bids is May 11.

Secondary Issues

6 PSU banks to raise funds

Business Standard

Public sector banks need to raise Rs 1.10 lakh crore from the markets, including follow-on public offer, to meet Basel III requirements, which kick in from March 2019. This will be over and above Rs 70,000 crore banks will get as capital support from the government. Of this, the government has already infused Rs 50,000 crore in the past two fiscals and the remaining will be pumped in by the end of 2018-19.

M&A

Lohia family looks to acquire stake in Haldia Petrochem from TCG

Mint

Indorama Ventures Public Co. Ltd, the Bangkok-based chemicals maker controlled by the Lohia family, is in initial talks with The Chatterjee Group (TCG) to buy a stake in Haldia Petrochemicals Ltd (HPL). TCG, promoted by non-resident Indian businessman Purnendu Chatterjee, owns close to 48% in Haldia Petrochemicals. A stake sale will require approval from the West Bengal government which owns close to 31% stake in Haldia Petrochemicals.

Tata has around 2.3% stake, Indian Oil around 7% and lenders around 6% stake in Haldia Petrochemicals, which has a naphtha-based petrochemical complex at Haldia, about 125 km from Kolkata. The plant was commissioned in 2000 and the company is one of the largest in India in terms of production capacity. TCG, which took over management control of Haldia Petrochemicals in 2015 from the West Bengal government after settling a prolonged ownership feud, is keen to bring Indorama as a strategic partner and co-investor as it looks to scale up operations in Haldia.

Zee in talks to acquire 9X Media

Economic Times

Publicly listed Zee Entertainment Enterprises is in talks to acquire New Silk Route-backed 9X Media broadcast network that runs Hindi and regional music channels. Sony, which had signed a letter of intent (LoI) with 9X Media to carry out due diligence, backed out of the negotiations over some legacy taxation issues.

New Silk Route owns close to 80% stake in 9X Media, has been looking to exit since 2013. 9X Media operates three music channels in Hindi -9XM, 9X Jalwa and 9X Bajao -one in each in English (9XO), Marathi (9X Jhakaas) and Punjabi (9X Tashan). It also has a digital product, SpotboyE, offering Bollywood’s news, gossip, movie reviews and other updates.

NDTV plans strategic assets sale

Mint

Publicly listed New Delhi Television Ltd, which runs NDTV India and NDTV 24x7 news channel, is considering a potential sale of strategic assets by its subsidiaries. NDTV’s loss rose to INR 18 crore in the December quarter from INR 13 crore in the year-ago period.

Real Estate Transactions

Godrej Properties looking to sell off office assets to raise  Rs.1,500-Cr

Mint

Publicly listed Godrej Properties Ltd (GPL) plans to sell some of its office assets to raise around Rs.1,500 crore, a significant portion of which would be used to pare debt. GPL’s net debt increased by Rs.270 crore on a sequential basis to Rs.3,270 crore in the October-December quarter due to land and approval related cash outflows. It still has around 20% space that is unsold in the BKC project which will generate around Rs1,000 crore and is in talks with companies to sell that. GPL also has two more office projects in Kolkata and Chandigarh, which it intends to sell and raise capital.

Realty firms line up for Sahara Group properties

PTI

A large number of corporates and realty firms, including Tata, Godrej, Adani and Patanjali, have shown interest in buying embattled Sahara group’s 30 properties estimated to be worth Rs 7,400 crore. The properties, mostly land parcels being auctioned by real estate consultant Knight Frank India, have also generated interest from Omaxe and Eldeco, as also from HNIs and at least one public sector firm Indian Oil. Besides, Chennai-based Apollo Hospitals has shown interest in acquiring Sahara Hospital in Lucknow.

India Ahoy!

Global auction house Sotheby's luxury realty arm to set up office in Mumbai

Economic Times

Sotheby's International Realty, the luxury real estate arm of the auction house Sotheby's, is set to expand its presence in India. The first office will be set up in Mumbai in the second half of this year followed by offices in Bengaluru, Goa, Chennai, Pune and Kolkata.

Chinese smartphone maker Tecno to tap Indian market

Economic Times

Chinese smartphone brand Tecno plans to enter India with plans for local manufacturing, research & development and possibly exports to the Middle East and Africa, where it dominates the markets. Tecno will launch four smartphones in Punjab, Rajasthan and Gujarat in the first phase.The devices priced between INR 7,990 and INR 14,990 will be sold in about 10,000 brick-and-mortar stores through 129 distributors.

Expansion/Diversification

Paytm forays into meal voucher biz

Times of India

Digital payments and commerce platform Paytm is entering the traditional meal voucher market. In what is being called food wallet by the Noida-based company, it has partnered with about 10 companies where these firms can top up wallets of their employees. This can be claimed for tax sops as per government approved rules.

IndiTrade enters micro-finance biz

Business Line

Inditrade, a financial services provider, has forayed into microfinance business through its wholly-owned subsidiary Inditrade Microfinance. This venture kicked off its operations from Solapur in Maharashtra with the inauguration of four branches. It plans to open branches in Pandharpur, Barshi and Latur over the next three months, after which it will start operations in Tamil Nadu.

MTR plans “3 minute” breakfast offerings

Times of India

MTR, the Bengaluru-based maker of instant mixes, masalas and ready-to-eats, plans to launch a range of popular Indian breakfast items. The users need to simply pour hot water into it and keep it covered for three minutes much like the popular Maggi noodles, except that in this case, the items are upma, poha, kesari halwa and oats.

Tata Housing forays into East Africa property market

Economic Times

Tata Housing Development Company (TDHC) is venturing into the East African property market with its projects in Kenya and Tanzania spread over a 70-acre mixed-use developments. The projects will be executed through partnerships with government and private developers. The company has already signed term sheets for two projects and will be concluding the agreement for these over the next two months. It plans to invest INR 1,000 crore in these projects over the next three years.

New Ventures

ISRO to form JV with industry consortium for rocket-building

Financial Chronicle

The Indian Space Research Organisation (ISRO) is looking to form a joint venture with an industry consortium (to build polar satellite launch vehicle or PSLV), with the first launch planned for 2020-21 under the proposed entity.

Tata Trusts, Brick Eagle Foundation partner for affordable housing

Business Line

Tata Trusts has joined hands with Brick Eagle Foundation to design an affordable housing pilot project at Karjat on the outskirts of Mumbai. Tata Trusts has offered a grant to Brick Eagle Foundation for research on customer needs, industry best practices and scalable and sustainable construction technologies, to culminate in construction of homes that are based on participatory designs. The project is expected to be completed in two years.

New Incubators

Future Group launches $15-M accelerator fund for consumer and digital space

Inc42

Kishore Biyani-led Future Group has launched the Future C&D (consumer and digital) Lab in Bengaluru. The initiative will focus on the consumer and digital space to bring in next generation innovations using artificial intelligence, big data analytics, blockchain, Internet of Things, robotics and allied technologies. The research and development activities will be backed by a USD 15.5 million (INR 100 crore) accelerator fund. The fund will take care of the operations, technology development and IPR creation by the teams working at the lab. The teams and companies will have a ready access to test, experiment, and prototype their technologies across Future Group’s brand and retail platforms.

Nomura launches global accelerator & co-creation platform, Voyager in search of fintech ideas

Economic Times

Global investment bank Nomura has launched the 'Voyager Nomura Fintech Partnership', a global accelerator cum co-creation platform to collaborate with startups to build products and solutions specifically for capital markets and investment banking (CMIB) which can be deployed across Nomura and the financial industry. The selected startups will get a chance to collaborate with Nomura businesses across regions and create products or solutions which can be implemented. Only mature startups with at least one round of external funding will be potentially eligible for the initiative, given the regulatory and complicated nature of capital markets and investment banking

India Accelerator set to launch incubation programme

Economic Times

Gurgaon-based India Accelerator is set to launch an incubation programme this month and offer early-stage technology startups benefits from its newly-acquired membership of the Global Accelerator Network (GAN), a consortium of 70 leading accelerators in the world including H-Farm in Italy, NXTP Labs in Argentina, SparkLabs in South Korea and Techstars in the US. It will also provide an intensive four-month programme in Gurgaon where startups will have access to inhouse growth hackers, UI and UX designers, legal teams and tax consultants. The first batch of the accelerator programme will start from July and provide initial funding of USD 15,000-20,000 to select startups.

People

Infy names Ravi Venkatesan as Co-Chair

Economic Times

IT Services firm Infosys has appointed former chairman of Microsoft India Ravi Venkatesan as co-chairman alongside R Seshasayee. Infosys has appointed Cyril Amarchand Mangaldas to create a framework for its interactions with key stakeholders and governance.

PVR sacks chief business development officer Vijay Kapoor

PTI

Listed multiplex operator PVR today has sacked its Chief Business Development Officer Vijay Kapoor on "disciplinary grounds". The company has asked Kamal Gianchandani, Chief Business Planning & Strategy, to take over Kapoor’s responsibilities. Kapoor has been associated with PVR from 2008.

R Sridhar joins IndoStar Capital as Executive VC, CEO

PTI

Everstone Capital backed NBFC IndoStar Capital has appointed former Sriram Transport Finance CEO R Sridhar as its Executive Vice Chairman and CEO. Sridhar, who has worked with the Sriram Group since 1985, will be taking over from Vimal Bhandari who will remain on the board of IndoStar.

Since it started operations in 2011, IndoStar's net profit has grown to over INR 210 crore at a CAGR of 31%. In March 2017, the company had a loan book of INR 5,247 crore and a Net NPA of 1.2%.

Vijay Mallya arrested in London; receives bail

Times of India

UB Group promoter Vijay Mallya was arrested by Scotland Yard on an extradition warrant and subsequently received bail.

In February, the Indian Government had handed over a formal request for the fugitive industrialist's extradition to the UK High Commission, saying it had a legitimate case against him in on charges of financial irregularities and loan default.

Regulatory News

Insolvency board to fast-track resolution for start-ups

Mint

The Insolvency and Bankruptcy Board of India (IBBI) plans to fast-track the resolution process for “smaller cases”, including for start-ups, and complete them within 90 days. The board has been set up under the Insolvency and Bankruptcy Code, which came into force from 1 December 2016. The IBBI is looking at the possibility of fast-tracking resolution process for smaller cases and those having fewer complications. There could be differential treatment in terms of time too.

Cairn Energy slapped with fresh IT notice for Rs.30,700-Cr

Telegraph

Cairn Energy, which has a running battle with the income tax department, has been slapped with a fresh notice of Rs 30,700 crore in penalty for failing to cough up a capital gains tax of Rs 10,247 crore on time. This comes after the income tax appellate tribunal in an order had said Cairn Energy would have to pay capital gains tax on the transfer of its Indian assets to newly created Cairn India but not pay interest on the tax as the claim had been made through a retrospective legislation.

Others

RBI issues guidelines for bank investments into REITs, InvITs

Business Standard

The Reserve Bank of India has issued guidelines for investments by commercial banks in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), including setting limits on the overall investments. Banks would not be allowed to invest more than 10% of the unit capital of a REIT or InvIT.

P&G, Future Group exploring deeper partnership

Economic Times

Procter & Gamble (P&G) and Future Group are exploring joint sales forecasting and planning as well as exclusive product releases. The companies will embed officials at each others headquarters and be part of supply chain initiatives.

Au Financiers converts to small finance bank

Reuters

Au Financiers India Ltd has converted from NBFC to a small finance bank (SFB) changing its name to AU Small Finance Bank.

SC orders auction of Aamby Valley

Economic Times

The Supreme Court directed the Bombay High Court liquidator to begin the process of selling the Sahara Group's Aamby Valley project following the company's failure to pay INR 37,000 crore in dues to the Securities and Exchange Board of India (Sebi). It also directed group chairman Subrata Roy to appear in court in person on April 28 to explain his failure to pay the dues despite being out on bail. Roy has been out on bail since his mother's death late last year. He had insisted he could not pay off the dues while in jail and sought his freedom saying it would be easier to raise funds. However, the group has so far only paid INR 10,000 crore. Roy has offered to pay the rest in installments ending in 2018, a move that has not found favour with the courts.

Jalaj Dani checks out of Asian Paints

Economic Times

Jalaj Ashwin Dani, the public face of Asian Paints for many years and second-generation scion of one of the founding families, has resigned after a 18-year stint with the company to pursue personal interests. He was handling human resources, supply chain and chemicals portfolio.

Cushman & Wakefield India appoints Badal Yagnik as MD leasing services

Business Line

Cushman & Wakefield, a commercial real estate services provider, has appointed Badal Yagnik as Managing Director for Leasing Services, India.

ED send notices to Vasan Health Care, Karti Chidambaram for FEMA breach

Business Standard

The enforcement directorate (ED) has served notices on Vasan Health Care and Karti Chidambaram, son of former finance minister P Chidambaram, for breach of the Foreign Exchange Management Act (FEMA). Vasan and its promoters got a notice for alleged violation of Rs 2,262 crore. Chidambaram and a firm reportedly under his control, Advantage Strategic Consulting, were issued notices for violation of Rs 45 crore.

Unitech MDs Sanjay & Ajay Chandra get bail

Economic Times

Unitech managing directors Sanjay Chandra and Ajay Chandra have been granted bail by a Gurgaon court. They had been sent to five days of police custody on April 10, in a case related to cheating and fraud in a fixed deposit scheme floated by the company. This was just after the Chandras had got three-month interim bail from a Delhi court in a different case, related to a Gurgaon-based real estate project.

The real estate company had floated a fixed deposit scheme in 2012 and raised Rs 600 crore from around 55,000 people for a 12% return.

Yamuna Expressway authority cancels five housing projects of Jaypee Infratech

Economic Times

In a major blow to Jaypee Infratech, the Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled five housing projects of the developer in Sports City East for allegedly selling the projects without getting building plans approved. The cancellation of the proposed projects in sector 22B spread over a 70-acre land, is set to affect around 300 home buyers.

Housing.com relaunches rentals

Economic Times

Online real estate portal Housing.com, which merged with Delhi-based PropTiger in January, has relaunched rentals section on its platform after more than a year of hiatus with over 60,000 listings and plans to more than triple it by next quarter. It has added features to enhance customer experience.

Pharmacy portal Netmeds moves offline

Economic Times

Netmeds, the healthcare e-commerce portal, is venturing into the brick-and mortar space with the opening of 10 physical stores in Chennai. The company plans to start off with Chennai and later expand to other cities. The physical stores will operate under the same brand name. Netmeds will invest around INR 15 lakh - INR 20 lakh to set up each physical store, which will be located in the high demand areas of Chennai.

Economic Laws Practice ("ELP") is a leading full-service Indian law firm established in the year 2001 by eminent lawyers from diverse fields. The firm’s Private Equity & Venture Capital practice brings onboard a unique understanding of commercial matters and legalese to be able to provide effective solutions to all stakeholders in a transaction. The team looks at providing a bespoke legal service experience, which is sector agnostic in nature and driven towards successful consummation of the relevant transactions.

ELP advises clients on all aspects of private equity and venture capital transactions, whether from a fund formation perspective or a potential portfolio investment or a relevant exit transaction. Our services include right from conceptualising a structure, to conducting the legal due diligence exercise, to the preparation of the relevant documentation, to providing assistance to the final closure including negotiations and corporate secretarial assistance.

ELP is the firm of choice for clients because of its in-depth expertise, continuous availability, geographic reach, transparent approach, competitive pricing and most importantly the involvement of partners in every assignment.

"China has been at the centre of a lot of controversy following its currency devaluation and the sudden crash of the stock market. Many observers especially in the developed world are accusing it of currency manipulation to defibrillate exports and hence the economy. In a talk delivered at the Indian Chemical Council, Mr. Sridhar Venkiteswaran, Executive Director, Avalon Consulting, explored these issues and their impact on both China and India. Click here to read more.

Founded in 1989, Avalon Consulting is an international management consulting firm that offers services in growth strategy, business transformation and transaction support to clients across a wide range of sectors including Agribusiness, Automotive, Chemicals, Construction, Education, Engineering, FMCG, Healthcare, Pharmaceuticals and Retail. It has offices in Mumbai, Delhi, Chennai, Bangalore and Singapore serving clients across India, Middle East, South East Asia, China, Europe and the US. Avalon Consulting is among the Top 15 Consulting Firms Overall in Asia (Vault List 2014).

Connect with Avalon Consulting on Twitter, Facebook and LinkedIn to receive interesting insights and updates.

Basiz is a high end and specialized fund accounting service provider with international footprints, with offices in Mumbai, Chennai and Coimbatore in India, besides Singapore, London and New York. Basiz primarily focuses on servicing Fund administrators, Hedge Funds, Mutual Funds, Private Equity / Venture Capital Funds, Family Offices, REIT Funds, Insurance Portfolios and Managed Accounts.

Contact Information

Sesh A.V ACA, Managing Director
Basiz Fund Services Pvt. Ltd
M: +918286008554, E: sesha@basizfa.com
http://www.basizfa.com

Spark Capital is one of India’s leading mid-market, full-service Investment Banks. Having our genesis from the south in 2001 and now having a pan-India presence, we offer services encompassing Investment Banking, Institutional Equities, Fixed Income Advisory and Wealth Advisory. Our key differentiator is the ability to offer services that benefit from an amalgam of the experience of our founding members and the contemporary thinking of our young leadership team. Our core values of integrity; putting customers first; and seeking partnerships that are mutually beneficial, help us build sustainable, long-term relationships with clients. Our services include equity and debt capital raising in private and public markets; M&A advisory; research-led public-market stock ideation; and customised wealth advisory solutions. Sectors where we have built considerable domain strength and transaction experiences are BFSI, Healthcare, Consumer, Technology, Infrastructure and Industrials. Our commitment to staying the course with respect to our core values; our strong entrepreneurial culture; an ability to attract and retain high quality talent; and our gradual expansion of markets and services has served as cornerstones of our evolution. Over the past three years, we have advised on over 30 deals aggregating to USD 1.8 billion; scaled up research coverage to over 200 listed stocks; and rapidly grown assets-under-advice on the back of above-market performance of client portfolios.

For more details please visit www.sparkcapital.in

Tatva Legal is a full service law firm with offices across five locations in Bengaluru, Chennai, Gurgaon, Hyderabad and Mumbai founded in 2010 with 16 Partners and 80 Lawyers. The firm acts for both national and international clients.

As a full service firm, Tatva Legal provides a broad range of legal services whilst focusing on its core areas of practice corporate advisory, private equity and mergers and acquisitions, banking and finance, infrastructure and real estate.

The M&A team has extensive experience in representing private equity players, venture capitalists and corporates (including several Fortune 500 companies) in a multitude of specialised and sophisticated transactions, in both domestic and cross border deals.

The firm has an active practice in advising Banks and Non-banking Financial Companies in their fund deployment including listed corporate bonds, mezzanine debt and lending.

The firm is highly recommended for Real Estate transactions and has advised Developers, Funds and End Users like Hotels & Hospitals, SEZ, IT Parks across India.

The other areas of Practice include Insurance, Competition / Anti Trust, Projects Technology & dispute resolution.

N.K.Dilip
E: nk.dilip@tatvalegal.com
Tel. +91 80 43311433