In brief: Desai & Diwanji, Rajani do stake in auto parts co Minda

Wednesday, 17 February 2010 By Kian Ganz Private equity / VC

Desai & Diwanji and Rajani Associates have advised Motilal Oswal Private Equity Advisers on its Rs 40 crore investment in automobile component maker Minda Industries.

Desai & Diwanji partners Amit Khansaheb, senior associate Madhavan Srivatsan and junior associate Ravi Kapoor advised Minda Industries and its promoters.

Rajani Associates founding partner Prem Rajani, partner Purvi Kapadia and associate Amish Shroff advised Motilal Oswal, which represented India Business Excellence Fund I and Business Excellence Trust through which the investment was made.

Khansaheb explained that the transaction was a preferential allotment of convertible preference shares in Minda, for a converted stake of a minimum of 11.5% of the paid up equity share capital of the company.

The transaction closed on 17 February 2010.

Desai & DiwanjiRajani Associates

Comments

kianganz 19 Feb 2010, 16:54
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CORRECTION: Rajani Associates partner Purvi Kapadia is in fact a partner, rather than an associate as originally reported. We regret the error and have corrected this.
Vijai Mathur 5 Mar 2010, 16:46
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The Legal Due Diligence of Minda group of Industries was carried out by Link Legal, an upcoming Delhi based Law firms.
Anonymous guest 1 Sept 2010, 22:58
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congratulation Amish...its good to see ur name in such a good project..keep it up.....
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