•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Vaish assists Rs 30 crore IFCI VC investment in white goods maker Amber

Vaish Associates has advised on IFCI Venture Capital Funds’ Rs 30 crore ($6.75m) private equity investment in Delhi-based consumer durable goods company Amber Enterprises.

Vaish Associates’ Delhi office led by corporate partner Satwinder Singh with senior associates Mohit Chaurasia, Divya Suman and associate Pashupati Nath acted for the company, which is India’s largest original equipment manufacturer of home appliance.

“The company was successful in negotiating the transaction with buy back rights for the promoters to the extent of 60% of the stake acquired by IFCI at an annualized return of 20%,” said Singh.

The legal work undertaken was advising on the structuring, negotiations and preparation of the term sheet and the investment agreement and other related documents, according to Vaish Associates.

IFCI Green India Venture Funds was advised by its in-house legal team.

The investment was made in the form of compulsory convertible debentures and the money raised would be utilised by the company to fund its capex and working capital requirements of financial year 2011-12.

Click to show 3 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.