Khaitan & Co advised Baldor Technologies on INR 476 Crore Series F fundraise
The leading law firm in India, Khaitan & Co advised and assisted Baldor Technologies Private Limited and its promoter in relation to its Series F fundraise led by Neo Secondaries Fund, with participation from existing investors including Blume Ventures, Analog Capital, Elev8, IndiaMART and Kae Capital, for a total consideration of INR 476 crore. The transaction was undertaken in accordance with the terms and conditions set out in the definitive agreements.
The firm acted as transaction counsel to Baldor Technologies Private Limited and its promoter, and its scope of work included:
- A) Drafting, negotiating, finalising and execution of the share purchase agreements, share subscription agreement and shareholders agreement;
- B) Assisting and advising on all execution-related formalities; and
- C) Assisting and advising on completion of conditions precedent set out in the definitive agreements and closing-related formalities.
The Khaitan & Co team was led by Prithwijit Gangopadhyay (Partner), with support from Sruti Baid (Principal Associate), Vibhav Seth (Senior Associate) and Ishika Sinha (Associate).
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