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.

latest News

  • Government Proposes To Make Aadhaar Mandatory For Filing Returns And Applying PAN

    According to the government’s proposal in the parliament, the Aadhaar card is mandatory when filing income tax return as well as when applying for a...

    Read More
  • Ayodhya land dispute and “mosque not essential to Islam” refused to be referred to larger bench

    Decks were cleared for early hearing of seven-year-old appeals challenging the decision of the Allahabad High Court to divide equally among three part...

    Read More
  • Judgment to be delivered in local language: India President

    Stressing on the need to avoid delay in justice delivery in the country, President Ram Nath Kovind said that local language would help a common man to...

    Read More