L&L Partners: Latest Deals

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Deal 1 – SWAMIH Fund in connection with an investment in the non-convertible debentures The Firm acted for and advised SWAMIH Fund in connection with an investment in the non-convertible debentures to provide last mile finance for the completion of construction of a group housing project in the state of Rajasthan.
The Firm assisted the client in negotiating, finalization, and execution of the financing documents and conducted due diligence of the project land and the issuer, vetting of legal pre-commitment conditions and pre-disbursement conditions, and issuance of a closing legal opinion on the due execution/capacity, stamping and enforceability of debenture and security documents.
The transaction team consisted of Mr. Girish Rawat (Partner), Mr. Varun Chauhan (Senior Associate), Ms. Ashneet Chhabra (Associate), and Ms. Riya Manuja (Associate). Deal 2 – India Exim Bank in the Series B fundraise of US$ 20 million by idea Forge
The Firm assisted in the structuring of the transaction, negotiating, finalizing, and execution of the transaction documents, and vetting of legal pre-commitment conditions and pre-conversion conditions.
IdeaForge Technology Private Limited (“IdeaForge”), raised up to Rs. 93,00,00,000 through the issuance of up to 17,884 Series B1 compulsorily convertible preference. Pursuant to this transaction, the Export-Import Bank of India also converted 3886 compulsorily convertible debentures held by (“EXIM”) into Series B compulsorily convertible preference shares.
The transaction team consisted of Mr. Nishant Singh (Partner), Ms. Prachi Pandit (Senior Associate), and Mr. Charith Reddy (Associate). Media Coverage https://infra.economictimes.indiatimes.com/news/aviation/drone-maker-ideaforge-raises-20-million-in-latest-round-of-funding/91159327 https://inc42.com/buzz/drone-startup-ideaforge-raises-20-mn-in-series-b-funding-to-fuel-global-ambition/ https://www.business-standard.com/article/companies/drone-maker-ideaforge-raises-20-mn-in-series-b-from-florintree-infosys-122042800893_1.html https://yourstory.com/2022/04/funding-drone-manufacturer-ideaforge-20-million-florintree/amp https://www.dqindia.com/drone-manufacturer-ideaforge-raises-20-mn/

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