Trilegal Advised Neo Secondaries Fund On INR 476 Crore Investment In Baldor Technologies (IDfy)

Trilegal advised Neo Secondaries Fund on INR 476 crore investment in Baldor Technologies (IDfy)

Trilegal, the leading law firm in India, advised Neo Secondaries Fund, managed by Neo Asset Management, on its primary and secondary investment in Baldor Technologies (IDfy) as part of a funding round aggregating to INR 476 crore.

The investment was led by Neo Asset Management through its flagship private equity fund, Neo Secondaries Fund (NSF). IDfy, an Indian technology company, provides solutions in identity verification and authentication, risk and compliance, and consent governance and management, catering to banks, non-banking financial companies, consumer companies, and enterprises across multiple sectors and jurisdictions.

The Trilegal Corporate Team was led by Kunal Chandra (Partner), with support from Aditya Nandakumar (Senior Associate), Kunal Paleja (Senior Associate), Sharnam V. (Associate) and Nipun Chandrakar (Associate).

The Competition Team was led by Gautam Chawla (Partner) and comprised Shruthi Rao (Senior Associate) and Shambhavi Sirothia (Associate).

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