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Khaitan assists Aqualite shoes on $35.5m VC investment by Lighthouse

“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and easterm India, and can produce 300,000 pairs of fotwear a day,” reported Business Standard.

Khaitan & Co acted for Aqualite Industries Private Limited led by a team of partner Bharat Anand, principal associate Pashupati Nath, senior associate Sanchit Agarwal and associate Nikita Bhuwania. The diligence aspects were handled by associate Arpita Maheshwari and associate Ishita Mishra.

Deal value: INR 250 crore


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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