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Rainshine Entertainment Private Limited invested in a media company and development platform Medverve Impact Ventures Private Limited (“ATS”)./strong>

Rainshine Entertainment Private Limited invested in ATS., a private limited company in the business of producing original journalism, documentaries and narrative non-fiction content across all formats including shows, films and digital properties. Rainshine will collaborate with ATS to offer strategic direction and drive growth.

Role:Jerome Merchant + Partners, Mumbai advised ATS alongwith its founders Supriya Nair, Sidin Vadukut, and Gaurav Vaz.

Members of JM+P team: The team was led by Partner Murtaza Somjee along with Associate Sumedha Kalra.

September 2019

India Infoline Limited (IIFL) invests approximately INR 40 Crores in craft beer brewey, White Owl Brewery Private Limited.

IIFL India Private Equity Fund, an investment arm of India Infoline Limited, invests approximately INR 40 Crores in White Owl Brewery Private Limited, a private limited company in the business of manufacturing craft beer and other related branded merchandise.

Role:Jerome Merchant + Partners, Mumbai advised IIFL India Private Equity Fund.

Members of JM+P team: The team was led by Partners Sameer Sibal and Shameek Ray along with Associates Nirav Bakshi and Rishabh Gupta.

September 2019

‘Digifin’ raises approximately INR 165 crores in Series A funding round.

Amica Financial Technologies Private Limited, led by Jitendra Gupta, raised approximately INR 165 crores in its Series A funding round from Matrix Partners, Sequoia Capital, Greyhound Capital Europe LLP, 3One4 Capital, Rocket Internet Capital Partners, BEENEXT Emerging Asia Pte Ltd., Tanglin Venture Fund I, LLC, Amrish Rau and other Angel Investors.

Role: Jerome Merchant + Partners, Mumbai advised the Company (Amica Financial Technologies Private Limited)

Members of JM+P team: The team was led by Partners Vishnu Jerome and Sameer along with Associate Komal Parakh.

October 2019

Amar Ujala buys majority stake in Cygnus Medicare for approximately INR 130 crores

Leading media firm Amar Ujala Ltd has acquired a majority stake in Cygnus Medicare Private Ltd, which operates a chain of super specialty hospitals, for around INR 130 crore as part of its expansion plans in the healthcare segment. The investment includes a significant primary commitment which includes the transfer of two Ujala Healthcare hospitals to Cygnus Medicare as well as the secondary investment which provides an exit to angel investors and a partial exit to existing institutional investors.

Role: Jerome Merchant + Partners, Mumbai advised the Company as well as the, Promoters and the existing investors i.e Somerset Indus Healthcare Fund I, Eight Roads Investments Mauritius II Limited and Evolvence India Fund II Ltd in the Company.

Members of JM+P team:The team was led by Partner Murtaza Somjee along with Associate Sumedha Kalra.

November 2019

Managing Distressed Assets In India

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Managing Distressed Assets In India

Jerome Merchant + Partners, presented sessions on Managing Distressed Assets in India for advisors, law firms and in-house counsels in Singapore on July 24 and July 25. Our partners, Vishnu Jerome and Murtaza Somjee discussed both developments and challenges in the insolvency regime and Dinesh Arora, partner PWC spoke on the insolvency resolution process and the management of resolution plans. Mohammed Reza and Justin Kwek of Simmons & Simmons presented the audience with a comparative analysis of insolvency laws in Singapore

IIFL, Lok Capital as well as existing investor Amicus Capital invests approximately USD 19 million (INR 130 crores) in insurance tech start up, Renew Buy

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New Delhi based insurance tech start up, Renew Buy, received an aggregate investment of USD 19 million from India Infoline, Lok Capital as well as existing investor Amicus Capital by way of Series C round of funding/investment

Role :Jerome Merchant + Partners advised IIFL

Members of JM+P team:The team was led by partner Sameer Sibal along with associates, Nirav Bakshi and Rishabh Gupta

Other Legal advisor 1:Shardul Amarchand Mangaldas, New Delhi advised Lok Capital

Members of SAM Co. team: The team was led by partner Visruta Kaul along with senior associate Pratyush Singh and associate Sonali Bhardawaj

Other Legal Advisor 2: Jyoti Sagar Associates (JSA), Mumbai advised Amicus Capital

Members of JSA team: The team was led by partner Anand Lakra along with senior associate Abhilash Chandran

Other Legal Advisor 3: PDS Legal, New Delhi advised the Company

Members of PDS Legal team: The team was lead by partner Probal Bhaduri along with principal associate Nidhi Arora, senior associate Shilpa M Ekka and associate Tanisha Gupta

Closing Date:24th June, 2019

Read More :https://www.financialexpress.com/industry/sme/renewbuy-raises-19-million-in-series-b-funding-round/1626601/

Oriental Structural’s Infra Investment Trust

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Oriental Structural Engineering launched an infrastructure investment trust (Invit) to issue units listed on the BSE and NSE for an amount of INR 2300 crores on June 12, 2019

Role : Jerome Merchant + Partners advised the lead bank, I-Sec

Members of JM+P team: The team was led by partner Shameek Ray

Other Legal advisors: 1) Shardul Amarchand acted as counsel to OSE 2) Cyril Amarchand acted as counsel to certain of the investors in the Invit 3) Latham & Watkins acted as international counsel to the issue

Closing Date: June 26th, 2019

Read More : https://economictimes.indiatimes.com/industry/banking/finance/global-investors-back-oriental-structurals-infra-investment-trust/articleshow/69766824.cms?from=mdr

Aditya Birla Retail acquires Jaypore for Rs 110 crore

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Aditya Birla Fashion and Retail Limited has acquired Jaypore, an ethnic apparel and accessories retailer for Rs110 crore

Role : Jerome Merchant + Partners advised the exiting promoters and angel investor Haresh Chawla

Members of JM+P team: The team was led by partners Kalpana Merchant and ­­­­­­­­Murtaza Somjee

Other Legal advisors: 1) Khaitan & Co advised Aditya Birla, Fashion and Retail Investor, the acquirer 2) S&R Associates for Aavishkar, an exiting investor

Closing Date: July 2nd,2019

Read More :https://economictimes.indiatimes.com/industry/services/retail/aditya-birla-retail-acquires-jaypore-for-rs-110-crore/articleshow/69724166.cms

NCLT Takes A Detour From IBC For A ‘Workable Solution’ In SBM Paper Mills Case

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Our partner Murtaza Somjee shared his views with Bloomberg, on the implications of the landmark ruling of the Mumbai bench of the NCLT in SBM Paper Mills. In this matter the NCLT, allowed the promoters of the company which was the subject of resolution proceedings to withdraw from the resolution process, effectively rescinding the approval that the committee of creditors had provided for the resolution plan submitted by a third party applicant, but at the same time facilitating the most optimal resolution for the creditors of the company. The jury is still out on whether the ruling can be used as a “one size fit all” solution in other insolvency resolution processes

Read More :https://www.bloombergquint.com/law-and-policy/nclt-takes-a-detour-from-ibc-for-a-workable-solution-in-sbm-paper-mills