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Rajani Associates, advices Nectar Lifesciences Limited in relation to PE investment by New Silk Route
Rajani Associates, a Mumbai based law firm has concluded private equity deal whereby New Silk Route has invested in Nectar Lifesciences Limited, listed on the Bombay Stock Exchange and the National Stock Exchange.
Nectar Lifesciences Limited a fast growing pharmaceutical company with ambitious plans to become market leader in the segment, also, intending to scale its share in $35-billion healthcare industry which would be touching $75 billion by 2012.
A fast track private equity deal in the listed entity was approx. USD 20 million fetching NSR Direct PE Mauritius LLC a significant minority stake in Nectar Lifesciences Limited.
Rajani Associate has advised the Company while Desai & Diwanji had advised the NSR Direct PE Mauritius LLC on structuring and negotiating the transaction on a time crunched private equity transaction to make it a win-win deal for all the parties with fast, focused and effective strategy.
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For clarification, we do not allow what is essentially advertorial or firm press releases posted as blogs.
We are happy to publish deals in our deals feed column or consider press releases for publication, but if these are published as blogs it will blur the boundary between editorial and PR.
This is also set out in our Terms and Conditions clause 4.
www.legallyindia.com/termsnconditions
We will allow this post up for now but future PR posted up by a law firm as a blog we will have to remove.
However, there is nothing wrong with a law firm or lawyer posting up content that is independently relevant, e.g. academically or otherwise, with a byline of the lawyer and law firm.
Best regards,
Kian
A)www.legallyindia.com/20100217504/Corporate-/-MA-/-IPOs/azb-herbies-links-scoop-107bn-bharti-zain-mega-takeover
B) www.legallyindia.com/20100217502/Law-firms/bharucha-a-partners-takes-second-office-aims-to-double-headcount
C) www.legallyindia.com/20100222522/Law-firms/zeus-promotes-partner-two-associates
D) www.legallyindia.com/20100216497/Law-firms/kochhar-a-co-starts-south-india-drive-with-two-lateral-partners
etc....
It boils down to that something purporting to be news, should pass through some editorial filter. And even if we use a press release as the basis of an article, we will never publish it wholesale and unedited and will try to represent things as impartially and factually as possible.
Of the press releases that we receive, we reject and never publish stories on a significant proportion because they are either fluffy and have no news value and are overtly advertorial of a firm or a product.
While in this case, we would have probably carried the deal story anyway in our deals feed (which is why we have not deleted this post), that editorial filter should still exist and should not be circumvented through the blogs.
I am sure no one wants a blogging section that is simply swamped with press releases from firms announcing their latest achievements.
Thanks for input.
Best regards,
Kian
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