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.