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Amarchand, Indus Law funnel $44m PE cash into handset maker Micromax

Amarchand Mangaldas Bangalore and Indus Law Advocates advised on private equity funds Sandstone Capital and Sequoia Capital’s Rs 200 crore minority stake investment in India’s largest domestic handset maker Micromax.

Amarchand’s Bangalore office led by Reeba Chacko advised Sequoia Capital, assisted by senior associate Sharad Moudgal.

The Indus Law team for the company Micromax was led by Delhi partner Gaurav Dani, alongside senior associate Divya Varghese and associate Kunal Arora.

Micromax may be looking to hit the capital markets for an initial public offering (IPO) following the investment speculated the Economic Times today.

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