Cyril Amarchand Mangaldas acted as legal counsel to V Guard Industries Limited in relation to its acquisition of additional stake in Gegadyne Energy Labs Private Limited (“Gegadyne“) in its Pre-Series B Funding Round. Post-acquisition, VGuard’s shareholding in Gegadyne is 24.32% (on fully diluted basis) pursuant to which Gegadyne has become an associate company of V-Guard.
The General Corporate Practice of Cyril Amarchand Mangaldas advised on the transaction. The Transaction team was led by Navin Kumar, Partner; with support from Ashlesha Mittal, Senior Associate; Robin Singh Rathore, Associate; and Amritesh Anand, Associate.
Tax advisory was provided by S.R. Patnaik, Partner & Head – Taxation; with support from Reema Arya, Consultant.
The in-house legal team of V-Guard was led by Roopak Ahluwalia, Head – Legal.
Other parties and advisors to the transaction included MAVM Angels Network Private Limited (coordinating party on behalf of all other investors).
The transaction was signed on 31st October 2023 and closed on 21st November 2023. ____________________________________________
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.