Wednesday, September08, 2010
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In brief: AZB, Amarchand structure Goldman $115m Max India stake

Private equity / VC

Amarchand Mangaldas Mumbai office and AZB & Partners Delhi have advised on Goldman Sachs's private equity arm $115m investment in conglomerate Max India.

Amarchand partner Ashish Jejurkar led the team for Goldman Sachs.

AZB partner Anil Kasturi, senior associate Thomas Phillippe and associate Neha Sahai advised Max India.

The Max India will issue fully and compulsorily convertible debentures (FCDs) for Goldmans' stake.

Max India operates in the healthcare, IT services and financial services sectors.

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#1FP
written by Anonymous guest, 04 March 2010 11:18
Any reason for issuance of convertible debentures? Is it due to any regulatory hurdle perhaps?
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