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May 1, 2012

India Venture Trust - Fund I, a scheme of IndiaVenture Trust subscribed to compulsorily convertible preference shares of Vardhman Chemtech Limited for INR 700 million

DEAL BRIEF

India Venture Trust - Fund I, a scheme of IndiaVenture Trust ("IndiaVenture") subscribed to compulsorily convertible preference shares of Vardhman Chemtech Limited for INR 700 million (~USD 14 million).

Vardhman Chemtech Limited is engaged in the business of manufacturing of bulk drugs, intermediates & fine chemicals in the isoxazoles segment of penicillin.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to IndiaVenture Trust for this Transaction.