PRESS RELEASE
22 July 2019

Nishith Desai Associates Acted As Legal Counsel To Indiaventure Trust.

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Nishith Desai Associates

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With offices in Asia-Pacific, Europe and the United States Nishith Desai Associates is the go-to firm for corporates looking to conduct business in India as well as for Indian companies looking to set up operations abroad; navigate the complex business regulations and grow.
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).
India

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).

Nishith Desai Associates, acted as legal advisor to IndiaVenture Trust for this Transaction.

Vardhman Chemtech Limited is engaged in the business of manufacturing of bulk drugs, intermediates & fine chemicals in the isoxazoles segment of penicillin. The company has been serving Indian customers for quite a long time. The company has appointed a dedicated marketing team to tap the opportunities available at the global level. The company targets near 100% growth in exports in the coming years.Mere confirming to the quality standards set is not our aim, but it is to continuously improve in quality, beating the standards in place. The company is on a spree to increase its manufacturing capabilities.

Contributor

Nishith Desai Associates logo
With offices in Asia-Pacific, Europe and the United States Nishith Desai Associates is the go-to firm for corporates looking to conduct business in India as well as for Indian companies looking to set up operations abroad; navigate the complex business regulations and grow.

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