Rajani Associates advises Leap India Private Limited on investment by Sargam Retails Private Limited

Rajani Associates has recently acted for, and advised LEAP India Private Limited (the “Company“) in relation to investment of Rs.50,00,00,000 by Sargam Retails Private Limited (“Series D Investor“) in the Company by way of:

• subscription to Series D cumulative participating compulsorily convertible preference shares (“Series D CCPS“) for a consideration of Rs.30,00,00,000; and
• purchase of Series B cumulative participating compulsorily convertible preference shares (“Series B CCPS“) from certain Series B CCPS holders for a consideration of Rs.20,00,00,000.

The Company is engaged in the business of purchase, sale and renting of pallets, totes, crates, belts, wedges and foldable containers.

Scope of Work: The scope of work for Rajani Associates included drafting and finalising:

• Share Subscription Agreement for Series D CCPS;
• Share Purchase Agreement for Series B CCPS.

RA has been advising the Company on all the series of investment till date.

Transaction Team: Prem Rajani, Managing Partner, Pearl Boga, Principal Associate and Karen Issac, Associate.