A consortium led by auto component maker Lifelong India has acquired car care platform GoMechanic in a slump sale transaction. Shardul Amarchand advised Lifelong India on the transaction. The consortium members, including Lifelong and venture debt provider Stride Ventures, first made investments in Servizzy and subsequently backed Servizzy to acquire the business of GoMechanic by… Read More +

Shardul Amarchand Mangaldas & Co. advised DZ Bank AG, Frankfurt (as offshore ECB lender) in relation to its exposure to Sintex Industries Limited (Sintex) which was undergoing corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016.   SAM & Co. team assisted DZ Bank AG through the CIRP of Sintex in the… Read More +

Shardul Amarchand Mangaldas & Co. advised YES Bank in granting financial assistance to Nhava Sheva Distribution Terminal Private Limited by way of a rupee term loan facility. The assistance was done for the purpose of, part financing the upgradation, equipping, operation, maintenance, and transfer of Shallow Water Berth (SWB) facility and a newly constructed Coastal… Read More +

Shardul Amarchand Mangaldas advised Raymond Limited (“Raymond”) and Raymond Luxury Cottons Limited (“RLCL”) as a part of the buy-back process of RLCL to buy back the entire shareholding of Bankruptcy Cotonificio Honegger S.P.A., Italy in RLCL. Consequently, RLCL became a wholly owned subsidiary of Raymond w.e.f. April 28, 2023.   The transaction team was led… Read More +