Amarchand & Mangaldas & Suresh A. Shroff & Co. advised International Finance Corporation with respect to its investment in the Flexituff International Limited, including in relation to (a) drafting and review of the transaction documents; (b) negotiations on the transaction documents; and (c) closing formalities.

The transaction involved investment by IFC by way of subscription to: (a) equity shares of the Company representing approximately 5.96% of the Company’s equity share capital outstanding on a fully diluted basis immediately following the IFC subscription; and (b) foreign currency convertible bonds of the Company.

AMSS team comprised of RavindraBandhakavi, Partner, Vaibhav Kothari, Principal Associate, Swagata Bhattacharya, Principal Associate, ApurvaRai, Senior Associate, ParnikaMalhotra, Associate and IshanJhingran, Associate.

Shweta Shroff Chopra, Partner, Harman Singh Sandhu, Principal Associate and SangeethaMugunthan, Associate advised on the competition law aspects of this transaction. Deal Value was of INR 43.75 crores (approx) for the equity subscription. USD 9 million for the FCCB subscription.