Deal Street

September 19, 2017

JM Financial Products invests in Vendiman Pvt Ltd


Shardul Amarchand Mangaldas & Co (SAM & Co) advised JM Financial Products on its investment in Vendiman Private Limited. Vendiman provides vending solutions for packaged food & beverages through unmanned/ automated vending machines all across India.

The Merger and Acquisition Group of SAM & CO‘s General Corporate Practice acted as counsel to the investor and facilitated with preparation & negotiation of the transaction documents and closure of the transaction. The transaction team was led by Ms. Vishruta Kaul, Partner who was assisted by Mr. Pratyush Singh, Senior Associate, Ms. Sonali Bhardwaj, Associate and Mr. Manu Gupta, Associate.

The JM Financial Products will hold a stake of nearly 41% in Vendiman Private Limited in 2 tranches, as a part of the transaction.

The parties involved in the transaction were JM Financial Products Limited (Investor); Vendiman Private Limited (Target), its promoters and other shareholders.

Other advisors to the transaction were Veritas Legal (Promoters’ and Company counsel).

The deal was signed on September 1, 2017 and the first closing occurred on September 14, 2017.

Related Post

latest News

  • 2,750 cases under IBC dissolved: Govt.

    On December 1, 2017, after notification of relevant provisions of the Insolvency and Bankruptcy Code 2016, 2,434 fresh cases have been filed before NC...

    Read More
  • Requests To Not Take Coercive Steps Against 3 Senior Bureaucrats made to Assembly: Delhi HC

    On June 11, a plead was made by the Delhi High Court to the Delhi Legislative Assembly to not take any "coercive steps" against three senior bureaucra...

    Read More
  • India considers reinstating 25% wheat import tax

    India could impose a 25 per cent import tax on wheat by the middle of March, two government sources said on Wednesday, reinstating the tariff

    Read More