Athamus Ventures makes first close for realty fund at Rs.20-Cr

Business Line

Athamus Venture has made a first clos at INR 20 crore into its domestic fund Excedo Realty Fund-I. The amount raised from domestic investors will be used for land buyouts, and to invest in portfolio companies, niche markets and growth cities. The proposed corpus of the fund is INR 450 crore; with a cap at INR 600 crore. Pradeep Varshney (CIO), Gaurav Jain (CFO), Girish Bhagat, Sanjeev Nangia, Neeraj Bhayana are on the investment board, with former entrepreneurs Oindrila Dasgupta and Shayak Sen anchoring Excedo Realty Fund-I.

The fund has identified a 10 acres in Whitefield, Bengaluru, and a 20 acres in NCR to develop villas within gated communities. The fund is considering two more residential investments in a 17 acres and 24 acres project area in Whitefield and a farmhouse project in NCR.

Bihar Govt launches $750-M venture capital fund

INC42

The Bihar Government has cleared the launch of the state’s startup policy that includes a startup venture capital fund that aims at boosting entrepreneurship in Bihar. The fund, with a value of USD 750 million (INR 5,000 crore), will be adopted as policy governance for the next five years.

Govt plans $400-M fund to protect clean energy firms from payment delays

Business Standard

The government is in the process of instituting a USD 400 million (over INR 2,600 crore) fund sourced from World Bank that will be used to protect clean energy producers from payment delays by distribution firms. The proposed payment guarantee fund will cushion power produces from payment delays of up to 12 months.

Govt commits Rs 500-Cr for Narendra Modi’s Startup India vision

Yourstory

The Ministry of Science and Technology announced the launch of the National Initiative for Development and Harnessing Innovations (NIDHI), an umbrella programme which aims to nurture ideas and innovations in the startup ecosystem. The ministry will be infusing INR 500 crore into the programme in the next few years. This year, the ministry has received a 450% increase in allocation — INR 180 crore more— to drive startup initiatives.

PE/Strategic Investment

FMCG start-up Nilgai Foods looking for Rs.50-Cr

Business Line

Mumbai-based Nilgai Foods is looking to raise about INR 50 crore to ramp up the distribution of its packaged coconut-water brand Cocofly and sauces brand PICO. The startup had been doing trials since November 2015 by selling through hotels and airlines and now intends to make the product available in about 50,000-60,000 stores across 20 cities. The company will also be using the funds to introduce a range of packs and SKUs (stock keeping units) in various sizes as it expands distribution and is also exploring opportunities for exports.

Nilgai Foods, founded by Abhay Jaiswal and Arjun Gadkari is hoping to more than double its turnover to about INR 8 crore by this fiscal year.

Nova Gaming Ventures in talks to raise $5-M

KnowStartUp

Gurgaon-based gaming platform startup Nova Gaming Ventures is in talks with multiple investors to raise USD 5 million. The company, which had launched its gaming platform NovaPlay in April this year, is now looking to expand into mobile gaming space.

Auto repairs startup Zonnett plans to raise $3-5 M

Business Standard

Auto repairs startup Zonnett, founded by former Zee Group CEO Abhijit Saxena and former investment banker Kanishka Saxena, is planning to raise around USD 3-5 million to expand its services. The proposed fund raising would be used for investments in geographic expansion, product development and expand its operations to six more cities — Bengaluru, Delhi, Hyderabad, Chennai, Kolkata and Ahmedabad. The firm positions itself as a one-stop solution to automobile repairs and services.

In January the company had raised about USD 500,000 to develop production and applications and to set up operations in Mumbai.

ShopClues to invest Rs 1-Cr across four startups

Economic Times

Online marketplace ShopClues will invest a total of INR 1 crore across four startups: Bengaluru-based Pepper Agro, Noida-based Glam Studios, idea-stage firm Scrapify, and Ornativa, a jewellery startup and a merchant on ShopClues. ShopClues also intends to provide assistance in operations, technology and strategic partnerships to these startups.

Brookfield may buy majority stake in RCom’s tower unit

Economic times

Canadian asset manager Brookfield is closing in on a majority stake in Anil Ambani-run Reliance Group’s telecom tower business. RCom may not exit the business entirely but may sell a majority stake while retaining 20-25% economic interests. Brookfield is valuing the portfolio at around INR 16,500 - 19,500 crore (USD 2.5-3 billion). UBS is acting as an advisor to this deal. Brookfield has also signed a non-binding agreement to takeover the entire portfolio of 11 road projects of Reliance Infrastructure for an enterprise value of INR 8000 crore.

Currently, the tower subsidiary Reliance Infratel is 96% owned by RCom. Minority and institutional investors own the rest. The minority partners are also expected to exit the sale.

From the Venture Intelligence PE/VC Deal Database: In August 2007, New Silk Route, Galleon Partners, DA Capital, GLG Partners, Quantum Funds, Fortress Capital, HSBC Principal Investments invested USD 337.50 million. (Subscribers to the database can login to view the valuation multiples, deal structuring and other transaction details.)

Amazon may invest in food delivery startup Swiggy

Economic Times

Amazon India is considering an investment in online food delivery startup Swiggy and has held several rounds of discussions with the Bengaluru-based startup over the past three months. At its last round of funding in August, Swiggy was valued at about USD 190-200 million (INR 1,300-1,350 crore). It had raised about USD 72 million so far, and is yet to achieve break-even. It counts Accel Partners, Norwest Venture Partners and Bessemer Venture Partners as main investors.

NSR in talks to buyout Adiga family from fast food chain

Economic Times

New Silk Route (NSR) — the controlling shareholder of Vasudev Adiga's Fast Food — is buying out the Adiga brothers from the south Indian chain they founded more than 22 years ago. Both sides have held three rounds of discussions in the past two months, where the promoters (the Adiga family), who are represented on the board of the company by KN Vasudeva Adiga and younger brother Parameshwara Adiga, have expressed their willingness to negotiate a settlement to sell their remaining 40% stake in the company to NSR for Rs 50 crore.

NSR and the Adiga brothers have been locked in a dispute which is being adjudicated upon by the Chennai bench of the Company Law Board. Simultaneously, legal proceedings were also initiated in the Karnataka High Court, which upheld a CLB order in October 2014 and allowed the affairs of the company to be run by an independent administrator.

E-learning startup GurujiWorld Technologies looks to raise funding

Knowstartup

Pune-based GurujiWorld, which aims to simplify the learning process for individuals by providing effective e-learning solutions, is looking to raise funds as it plans to reach out to 3000 schools in the next 3 years under GSocial CSR implementations to promote its Green GKlass digital classrooms to rural schools in Maharashtra. GurujiWorld, founded by Girish Prabhu in the year 2007, has developed delivery frameworks for e-learning contents.

4 PE investors in race for 20% in Lakshmi Vilas Bank

Economic Times

Private Equity investors, including TPG Capital Management, General Atlantic, Capital International and India-focussed fund ChrysCapital, are in separate talks with Lakshmi Vilas Bank to invest as much as $150 million against up to 20% in the private sector lender. Avendus is advising LVB on the deal.

Ad tech firm Amagi in talks to raise Series B

Business Line

Ad technology firm Amagi is looking at fresh round of funding to bolster its platform as it announces the launch of Amagi MIX — a B2B online media planning and buying commerce platform for small and medium regional advertisers. The company is in talks to raise Series B funds from new and existing investors. The company, which runs the country’s largest geo-targeted ad network, counts Premji Invest and Mayfield Funds as investors. The company had previously raised $12 million.

IPOs

Singapore Exchange to exit BSE during IPO

Mint

Singapore Exchange Ltd (SGX) has put up its entire 5% stake up for sale in the upcoming initial public offering (IPO) by BSE Ltd, seeking to make a complete exit. Around 30 million shares, almost 30% of BSE’s issued capital, have been tendered by existing shareholders in the offer for sale which is expected to raise INR 1,300 crore. BSE plans to price its stock at around INR 400 per share, which values the bourse at around INR 4,365 crore.

SGX acquired a 5% stake in BSE in 2007 for about INR 189 crore valuing BSE at INR 3,780 crore.

M&A

Vaccine maker Serum hunts for acquisitions

Business Standard

Closely held vaccine maker Serum Institute of India Pvt. Ltd. is hunting for acquisitions in preparation for a bout of consolidation to hit the industry over the next few years. It is looking to raise up to USD 3 billion through a combination of debt and equity. The company scrapped plans to sell a 5-10 % stake to private equity investors last year at a USD 12 billion valuation.

Serum made its first international acquisition in 2012, acquiring Bilthoven Biologicals, a bioengineering and pharmaceutical company, from the Netherlands government in an euro 80 million (USD 90 million) transaction.

Lenders look to sell Bhushan Steel’s Odisha plant

Mint

Creditors of Bhushan Steel Ltd are looking to carve out some parts of the business for sale as they seek to recover some of the more than INR 44,000 crore owed by the steel producer. Lenders have identified Bhushan Steel’s Odisha plant as a high-quality asset that can be separated from the company and sold.

Secondary Issues

YES Bank defers $1-B share sale as stock crashes

Reuters

Yes Bank has shelved its $1 billion share sale to institutions, blaming trading volatility had been induced by misinterpretation of rules. The so-called qualified institutional placement (QIP) launched the previous day was pulled on the advice of merchant bankers. Yes Bank shares fell 5.2% in a market that rose by 0.4%. The shares fell to INR 1,328.25 compared with the QIP's range of INR 1,350-1,410.

Motherson Sumi launches $300-M share sale

Reuters

Indian car parts maker and engineering group Motherson Sumi Systems Ltd has launched a share sale to institutions worth up to INR 20 billion (USD 300 million). Motherson Sumi is selling shares in a price range of INR 317 to INR 327.95 apiece. The offer comprises a base deal worth up to INR 16.6 billion with an option to increase the offer by INR 3.3 billion. ICICI Securities, IDFC, IIFL, JM Financial and UBS are managing the sale.

Allahabad Bank to raise Rs.500-Cr through QIP

Business Standard

State-run Allahabad Bank is looking to raise up to INR 500 crore by issuance of equity shares to qualified institutional buyers (QIBs). Allahabad Bank will create, offer and issue shares of face value of INR 10 each for cash at an issue price including premium to QIBs on QIP in such a manner that government will continue to hold not less than 52% of the paid-up equity capital of the bank.

New Ventures

Realty firm RMZ forms second JV with Qatar Investment Authority

Economic Times

Bengaluru-based commercial real estate developer RMZ is in the process of forming a second joint venture with the Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, to buy development assets across top cities in the country. The new commercial platform will see QIA more than double its investment made through RMZ. In 2013, it had invested USD 300 million (INR 1,800 crore). The two partners look to acquire commercial spaces of more than five lakh square feet across Bengaluru, Hyderabad, Chennai, National Capital Region and Pune.

Ananya Birla all to launch luxury home décor Curocarte this month

MyBigPlunge

Ananya Birla, daughter of Kumar Mangalam Birla, is all set to launch Svatantra Online Services Pvt. Ltd, aiming to run e-commerce luxury website Curocarte.com. The website will source home decor products from nine countries across Asia and Europe including India. It will sell handmade products sourced from around the world to India’s elite and also to a global audience.

Bird Group to end JV with Thailand’s hospitality co Dusit Thani

Economic Times

Delhi-based Bird Group is ending its joint venture management contract with Thai group Dusit Thani and plans to rebrand all its properties as Roseate Hotels and Resorts that it will manage on its own. The group runs two hotels in the UK and two in India. It is set to launch its third property, Roseate House, in Delhi, followed by properties in Rishikesh, Jaipur and Goa. Bird Group's existing property Dusit Devarana will be rebranded as Roseate New Delhi. The Royal Park and The Forbury will be rebranded as Royal Park Roseate House and Forbury Roseate.

Dusit Thani entered into a JV with Bird Group in 2009.

Expansion/Diversification

Quikr launches entertainment sector talent discovery platform Dazzlr

KnowStartUp

Classified advertising platform Quikr has launched Dazzlr, a talent discovery platform that aims at bringing together actors, casting professionals, directors and producers. The platform has been developed by Quikr in partnership with Vivek Bohra, a filmmaker and casting director, Aadore Mukherjee. The platform will offer tailored solutions to cater to the needs of both artists and casting professionals for a variety of entertainment formats such as cinema, television, theatre, advertising, regional and international film production.

Just Dial Wallet gets RBI nod

Mint

Just Dial Ltd, which runs local search engine Justdial.com, has got in-principle nod from the Reserve Bank of India (RBI) for issuing and operating payment system for semi closed pre-paid payment instrument service.

Pai International Electronics to venture into private labels; targets Rs.1,200-Cr in sales

Business Line

The INR 900-crore electronics goods retail chain Pai International Electronics Ltd is entering into private labels launching its first product during the festive season and is aiming at business of over INR 1,200 crore this fiscal. The Bangalore-based chain, which currently operates over 80 retail stores across Karnataka and Telangana, is set to enter Andhra Pradesh soon, and is eyeing other states as well. Pai International Electronics is set to roll out a new generation LED TV range, to be sourced from a Chinese manufacturer.

ITC gets into coffee

Deccan Herald

ITC Foods has forayed into the gourmet coffee market with the launch of its new product Sunbean Gourmet Coffee. The product is available in two variants — Nicamalai and Panagiri. Only a few months ago, ITC forayed into the luxury chocolate business with the launch of Fabelle.

Spykar Lifestyles to foray into footwear

Economic Times

Spykar Lifestyles Pvt Ltd will foray into footwear in 2017 in a bid to strengthen its portfolio comprising men's and women's clothing and accessories. It would launch casual footwear under their parent brand.

Regulatory News

ED attaches Mallya assets worth over Rs. 6630-Cr

Business Line

The Enforcement Directorate (ED) has issued its second attachment order for assets worth Rs. 6,630 crore against beleaguered businessman Vijay Mallya as it seized his farmhouse, flats and FDs in connection with its money laundering case against him and his associates. The agency had recently expanded the probe in this regard as it took over investigation into the alleged loan default of INR 6,027 crore availed from a consortium of nationalised banks led by SBI, a case also taken over by CBI recently. The fresh action is an aftermath of the new case.

The total attachment made by the agency in this case has now shot up to Rs. 8,044 crore as it had attached assets worth Rs. 1,411 crore few months back. The provisional attachment order, issued under the provisions of the Prevention of Money Laundering Act (PMLA),has ordered for seizing a farm house in Mandwa in Alibaugh worth Rs. 25 crore, multiple flats in Kingfisher tower in Bengaluru worth Rs. 565 crore, fixed deposits of Mallya with a private bank to the tune of Rs. 10 crore and shares of USL, United Breweries Limited and Mcdowell Holding company, jointly held by the liquor baron and UBHL and his controlled entities, worth Rs. 3,635 crore.

Tata applies to set aside DoCoMo court order on asset claims

Reuters

Tata Sons Ltd had made an application to set aside an order obtained by NTT DoCoMo from a London court that would allow the Japanese company to lay claim to Tata's overseas assets to settle a dispute over Tata Teleservices. In June, London's Commercial Court ordered Tata to pay $1.17 billion to DoCoMo to settle the dispute. Tata has said it is willing to pay DoCoMo and has already deposited the money with the High Court of Delhi, but India's central bank has refused to allow the payment as it would contravene domestic regulations. In July, DoCoMo obtained an order from the London court to enforce the arbitration award in Britain where the Tata Group runs two major businesses -- Tata Motors' luxury car unit Jaguar Land Rover, along with assets that are tied to Tata Steel. Tata Sons, the holding company, was given 23 days to respond to the order but in August sought a two week extension to that deadline.

In 2009, the Japanese telecoms group acquired a 26.5 percent stake in Tata Teleservices Limited for around 127.4 billion rupees. In April 2014, DoCoMo decided to exit the venture, which had struggled to increase subscribers as quickly as its rivals. DoCoMo had the right to ask Tata to find a buyer for its stake at 50% of the original price or at fair market value, whichever was higher. But Tata failed to find a buyer, and India's central bank rejected Tata's offer to buy the stake itself, saying a rule change in the previous year prevented foreign investors from selling stakes in Indian firms at a pre-determined price.

Mumbai Police arrests builder Orbit Corp's MD Pujit Aggarwal

Economic Times

Mumbai Police has arrested Pujit Aggarwal, MD & CEO of realty developer Orbit Corporation under charges of cheating and violation of Maharashtra Ownership Flat Act, 1963. The arrest has been made following an FIR filed by financial institution Capri Global Capital Ltd. The financial institution had bought three apartments at Orbit Corp's project Orbit Residency Park at Andheri suburb of Mumbai for Rs 2.55 crore in 2008. However, the money was never deposited into an escrow account which was supposed maintained as part of the developer's agreement with its lender LIC Housing Finance.

LIC Housing Finance had marked nearly 26,000 sq ft at Orbit Corporation's Lower Parel project Orbit Grand, 1.70 lakh sq ft at project Orbit Residency Park in Andheri and 45,600 sq ft space at Orbit Midtown at Lower Parel for its dues. The company had secured loans from LIC Housing Finance through personal guarantees executed by its directors Ravikiran Aggarwal and Pujit Aggarwal. In August 2013, the Mumbai-based real estate developer had defaulted on liabilities including repayment of loan availed from LIC Housing Finance and the interest on the amount.

SC reads riot act to Supertech

Rediff

The Supreme Court gave a stern message to Supertech asking it to return money to investors saying it was not concerned whether the real estate major "sinks or dies", a direction which may soothe ruffled feathers of hassled home buyers waiting endlessly for their dream homes. The apex court directed Supertech to pay 10 per cent per month of the invested amount from January 5, 2015 to 17 home buyers, who are before the court, within four weeks

FIR against Vatika Group MD, three others on fraud, cheating charges

Economic Times

A case of cheating and fraud has been registered against real estate developer Vatika Group's managing director and three others by Delhi resident Suman Preet Kaur. She had invested Rs 28 lakh in an assured return scheme pertaining to one of the Vatika Group projects on July 27, 2014, but the developer allegedly failed to deliver on the promises made and never returned her deposited amount.

Sebi working group calls for simpler rules for FPIs

Mint

A Securities and Exchange Board of India (Sebi) working group has proposed simpler rules for foreign portfolio investors (FPIs) that will increase direct investment by them in Indian equities and reduce investments through opaque channels such as participatory notes (P-notes). The changes include reducing documentation and minimizing compliance requirements for a certain class of investors such as sovereign wealth funds and pension funds.

The working group has suggested that category-I FPIs be given preferential treatment in know your customer (KYC) compliance if they belong to a jurisdiction that is part of the Financial Action Task Force (FATF), an inter-governmental body that drafts policies to combat money laundering and financing of terrorist groups. Currently, this is allowed only for those entities who come from a country that is part of the International Organization of Securities Commissions or Bank for International Settlements (BIS).

The panel has also suggested relaxing the definition of broad-based funds. Currently, Sebi rules mandate that a fund should have at least 20 investors to qualify as broad-based, a pre-requisite for a Category II licence. Category II FPIs include banks, asset management companies and investment managers. The working group’s third recommendation is to allow FPIs to invest in Indian debt on-tap. Currently, FPIs have to participate in an auction process once investment limits (set by RBI) have been breached. This leads to higher prices for FPIs and deters investment in debt.

People

Ruchi Soya CFO Suresh Kumar resigns ahead of board meet

Business Standard

Barely a week ahead of a meeting of board of directors, V Suresh Kumar, chief financial officer (CFO) of Ruchi Soya Industries, has stepped down from the post. He will continue in the company in another role.

The Securities and Exchange Board of India (Sebi) had banned the company in May from accessing securities market till further notice.

Others

IITs revoke ban on big data company Crayon Data

Economic Times

All IITs (Indian Institutes of Technology) Placement Committee (AIPC) has revoked the ban on big data company Crayon Data with offices in Singapore and India. Crayon Data was among the 31 companies that were barred by the AIPC as they failed to honour their placement commitment to IIT students.

Ola lays off 250 more employees citing performance issues

INC42

After shutting down TaxiForSure and laying off over 1000 employees last week, the Bangalore-based cab aggregator Ola has now reportedly laid off around 250 people on performance grounds. It has also eliminated contract roles due to a business realignment.

Phaneesh Murthy’s e-pharmacy Zigy may halt operations in 3 months

Economic Times

Phaneesh Murthy's online pharmacy venture Zigy plans to halt operations in next three months even as it scouts for a merger partner as part of plans to exit the business that has been rendered unviable by stringent regulation and its inability to raise funds. The company had last month scaled down operations in four cities, restricting its business to its home base, Bengaluru, citing regulatory hurdles. Zigy is planning to raise $15 million (about Rs 100 crore).

Pankaj Oswal's Aussie mansion to be demolished

Business Standard

An Australian $70-million-dollar unfinished mega mansion dubbed Taj Mahal on-the-Swan, owned by Indian businessman Pankaj Oswal, in the city of Perth is set to be torn down by the city council, amid allegations of unpaid taxes and violation of building code. Pankaj and wife Radhika Oswal had planned to build the Indian-style mansion in Perth, where the Swan River meets the southwest coast.

GMR to spend $700-M for airport projects in Philippines, Goa

Economic Times

Diversified group GMR, plans to spend USD 700 million on airport projects in Cebu, Philippines and Goa in a little over three years. The airports would be built under the BOT (Build Operate Transfer) model.

Ashok Leyland & Nissan settle dispute, part ways in three JVs

Business Standard

Ashok Leyland will buy partner Nissan’s stakes in Ashok Leyland Nissan Vehicles, Nissan Ashok Leyland Powertrain and Nissan Ashok Leyland Technologies. These companies will become wholly-owned Ashok Leyland subsidiaries.

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 its 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 stocks in listed coverage; and rapidly growing 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