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Khansaheb's BMR with Vaish & Crawford B mix $13m Singapore PE into Indian liquor co Globus

Vaish Associates and Crawford Bayley advised Delhi-based liquor firm Globus Spirits in raising Rs 70 crore ($13m) from Templeton Strategic Emerging Markets Fund IV LDC (TSEM) which was advised by BMR Legal.

BMR Legal partner Amit Khansaheb - who joined the firm affiliated to consultancy BMR Advisors in January from Desai & Diwanji - acted for TSEM which is a fund managed by the Singapore-based Templeton Asset Management.

Vaish Associates Delhi partner Satwinder Singh, principal associate Sushma Mathur, and associates Kapil Minocha and Sumbhav Nagory with Crawford Bayley Mumbai senior partner Sanjay Asher acted for Globus.

The company raised the amount through issue of cumulative convertible preference shares (CCPS) to TSEM, and will use it to create a hub in eastern India. 5.03 million 4.75 per cent CCPS at Rs 140 each were issued, according to the Business Standard.

Globus has a significant market share in Delhi, Haryana, and Rajasthan in the country liquor segment.

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