Obhan & Associates Represents Spectacom Global In Its Pre-Series A Funding By Rainmatter Health

Spectacom Global Private Limited (''Spectacom Global'') is a start-up operating in the wellness space, that creates path breaking health and fitness digital content and online training programmes. Spectacom Global owns BunkerFit, a state of the art, integrated and India's only vernacular holistic health and wellness app, which offers comprehensive modules on yoga, mindfulness, nutrition etc. Spectacom Global also holds a majority stake in Devils Circuit, India's largest obstacle running series,...

S. Jalan & Co. Boosts Up Young Attorneys To Senior Positions

S. Jalan & Co., tracing its origin to 1950, is one of India's oldest and best-known firms. Its Founder, Late Mr. Shyamanand Jalan, a Senior Solicitor, was a legendary figure in the Indian legal circle for his involvement as Solicitor in the Calcutta High Court and Supreme Court matters and his work as a leading Real Estate Law Expert. While announcing the Firm Promotions for FY24, the Firm has strategically strengthened its support talent including Associate Partners, Principal ...

Obhan & Associates Advises Forest Essentials In Onboarding Teenage Social Media Influencer, Maleesha Kharwa

Forest Essentials, a leading manufacturer of luxury ayurvedic skincare, haircare and beauty products has onboarded Maleesha Kharwa, the 14-year-old social media influencer from Dharavi, Mumbai as the face for its new campaign ‘The Yuvati Collection’—a social initiative that aims to "empower young minds".Obhan & Associates acted as the legal counsel to Forest Essentials and were responsible for drafting and negotiating the agreement with Maleesha’s guardian and legal representatives.The...

Luthra And Luthra Advised Cotonificio In Divestment Of Its Share In Raymond Luxury

The Firm represented and advised its client, Cotonificio Honegger S.p.A., Italy (“Cotonificio”), in divesting its entire stake in ‘Raymond Luxury Cottons Limited’, a joint venture with Raymond Limited. The joint venture is in the business of high-value cotton shirting and has manufacturing facilities in Kolhapur and Amravati in Maharashtra.Raymond Limited and the joint venture entity were advised by Gianni & Origoni on matters relating to Italian law, and by Shardul Amarchand Mangaldas on...

Luthra And Luthra Advised Atozlearn Edutech Private Limited (Ixambee) In Its INR 11 Crore Pre-Series A Fundraise

The Firm recently advised Atozlearn Edutech Private Limited (ixamBee) in its INR 11 crore Pre-Series A fundraise led by S Chand & Company Limited (S Chand) and Mukesh Sharma Family Trust, including an infusion from existing investor Inflection Point Ventures. The funding round also consisted of a secondary transaction of INR 3 crore.The transaction team was led by Senior Associate, Sidhartha Jatar and ably assisted by Associate, Shaurya Jakher.

Dentons Link Legal Advises Lenders With The Restructuring Of Outstanding Debt On PSRDCLU Under RBI’s Prudential Framework And Infrastructure Leasing & Financial Services Limited

Dentons Link Legal is advising and assisting the lenders with the restructuring of the outstanding debt on and around INR 2000 Crores of M/s. Pune Sholapur Road Development Company Limited (PSRDCL) under Reserve Bank India’s Prudential Framework and Infrastructure Leasing & Financial Services Limited (IL&FS) Resolution Framework proposed by Government of India. PSRDCL, a SPV of the IL&FS group had been awarded concession by the NHAI, for development of 4-Laning the existing...

Ex-Parte Ad Interim Injunction Granted In Favor Of Rasna Private Limited Concerning The Impugned Trademark ‘RASNA’

Rasna Private Limited, a pioneer in soft drink concentrate in India, has instituted a suit seeking permanent injunction against a defendant for infringement and passing off of its goods under the plaintiff's registered trademark "RASNA". The suit also seeks damages under The Trademarks Act, 1999. The plaintiff has been spearheading the industry since 1970 through their predecessors, and the trademark RASNA is registered for goods falling under Class 29, 30, 31, 32 and various other...

Luthra And Luthra Advised On The Largest Ever EV Asset Financing Deal In India

The Firm advised and acted for Power Finance Corporation Limited (PFC) in connection with financial assistance aggregating up to INR 6330.00 million sanctioned to Gensol Engineering Limited for financing acquisition of 5000 passenger EVs (electric four-wheeler cars) and 1000 cargo EVs (electric three-wheeler vehicles).The passenger EVs will be operated by Blu-Smart Mobility on its ride hailing platform in and around Delhi NCR region, and the cargo EVs will be leased for last mile logistics/urban...

Link Legal Advised Ami Organics In Its Acquisition Of Majority Stake In Baba Fine Chemicals

Link Legal is advising and assisting Ami Organics Limited in its acquisition of majority stake in Baba Fine Chemicals. The acquisition will be funded through a combination of cash and issuance of securities of Ami Organics on a preferential basis.Ami Organics is a company listed at the NSE and is a major player in the manufacture of active pharmaceutical ingredients and specialty chemicals.Baba Fine Chemicals manufactures chemical products for the semiconductor industry and is the sole...

Luthra And Luthra Advised On Project Specific Funding To Kosol Energie Private Limited For Development Of 40 MW Solar Power Project For The Gujarat State Electricity Corporation Limited

The Firm advised and acted for Power Finance Corporation Limited in connection with project specific funding sanctioned to Kosol Energie Private Limited for development of 40 MW solar photovoltaic grid connected power plant at Junachay and Manjal of Kutchh District around Gujarat Energy Transmission Corporation substation in the State of Gujarat (“Project”) for the Gujarat State Electricity Corporation Limited.The transaction team consisted of Partner, Girish Rawat; Senior Associate, Ashneet...

Saraf And Partners Advises Federal Bank Limited, SBI Capital Markets Limited And IDBI Trusteeship Services Limited For Issuance Of NCD By Federal Bank Limited

Saraf and Partners acted as sole deal counsel for Federal Bank Limited as the Issuer, SBI Capital Markets Limited as the Arranger and IDBI Trusteeship Services Limited as the Debenture Trustee on all aspects of the deal including structuring of the deal as well as the drafting, negotiation and finalization of the transaction documentation.Federal Bank Limited has issued eligible Tier 2 capital in compliance of RBI Guidelines in the nature of rated, fully paid, taxable, redeemable, subordinated,...

Argus Partners Advises Baba Fine Chemicals (BFC) And Its Founders On The Acquisition Of 55% Stake In BFC By Ami Organics

Argus Partners has advised Baba Fine Chemical (BFC) and its founders in negotiating and finalizing the purchase agreement in relation to the acquisition of 55% stake in BFC by Ami Organics.BFC is engaged in the business of manufacturing specialty chemicals used in semi-conductor and electronics industry. Ami Organics is a public listed company and a leading global manufacturer of advance pharmaceutical intermediates and specialty chemicals. This transaction provides Ami Organics an entry into...