Deal Street

November 22, 2018

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


lakshmikumaran-sridharan

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.

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