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Vaish’s Religare Labs raises Rs 100 cr from Avigo PE with K Law

K Law and Vaish Associates have advised on the Rs 100 crore ($22.5m) pre-IPO private equity investment by Avigo into Super Religare Laboratories.

Vaish Mumbai partner Martand Singh represented Super Religare, which is one of India’s largest radiology service providers in India, assisted by senior associates Amitjivan Joshi and Yatin Narang.

K Law, or Krishnamurthy and Co as it is also known, assisted Avigo PE Investments LImited, Mauritius. K Law partner Praveen Raju with senior associate Madhavi Ravi Shankar led that team.

Avigo took a 9.27 per cent equity share in the company, which is looking to issue 28 million shares through an IPO while hoping to raise a total of Rs 160 crore of funds before the IPO through private placements of 8 million shares, according to Mint.

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