Deal Street

November 22, 2018

Lakshmikumaran & Sridharan advises Duane Park in Rs. 50-Crore Series-A round of investments


Recently, Sukkhi Online Private Limited (India’s leading manufacturer, retailer, and wholesale exporter of imitation jewellery and fashion accessories) had executed definitive agreements for raising an estimated Rs. 50 Crores in Series-A round of investments from Duane Park Private Limited and Carpediem Capital Partners Fund-I. Notably, the investments contemplate a combination of secondary acquisition and primary issuance of shares over various tranches. The Total Consideration was INR 500,000,000 (approx. USD 7,000,000).

Lakshmikumaran and Sridharan (L&S) advised Duane Park Private Limited regarding the drafting and negotiation of the transaction documents and reviewed the documents in relation to the conditions precedent, closing actions, and conditions subsequent contemplated in the share purchase agreement and subscription agreement.

The L&S team comprised Partner Anurag Pareek, Senior Associate Samad Ali, and Associate Meghmala Mukherjee.

Related Post

latest News

  • DC District Court Refuses Recognition and Enforcement of international arbitration award to Hardy Oil & Gas

    The US District Court for the District of Columbia rejected a claim of an oil and gas company for enforcement of Rs 600-crore ($113 million excluding ...

    Read More
  • Portal for sexual harassment complaints at work launched: Govt

    On November 7, Union minister Maneka Gandhi launched a portal to help women lodge complaints online about sexual harassment at work.

    Read More
  • Jindal Steel sells oxygen plants for $171mn to Srei Equipment

    Jindal Steel & Power Ltd (JSPL), which is current debt-laden has sold oxygen plant assets at two of its steel mills, to Kolkata-based Srei Equipment F...

    Read More