Reliance Industries said its Reliance Industrial Investments & Holdings subsidiary has agreed to invest Rs 295.25 crore in Mumbai-based Fynd, in a deal that would see early backers Google, Venture Catalysts and Kae Capital exiting the retail-focused startup. In a filing with the Bombay Stock Exchange, RIL said its subsidiary has an option to further invest Rs 100 crore in Shopsense Retail Technologies, which runs Fynd, by December 2021.
— The Economic Times
The transaction will provide an exit to nearly 90 investors. The remaining 20% of the share capital of Fynd is being retained by the promoters.
Bharucha & Partners advised
Khaitan & Co advised
J Sagar Associates (JSA) advised
2019-08-03
Deal value: approximately INR 295 crores
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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This is biggest deal ever. Azb is on it. Find out more?
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