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IIGF Invests in DTL Ancillaries Limited

IIGF Invests in DTL Ancillaries Limited

J. Sagar Associates advised India Industrial Growth Fund (Mauritius) Limited (“IIGF”) a Private Equity Fund, on its investment in DTL Ancillaries Limited, a subsidiary of DTL India Holdings Limited, a company listed on the Uttar Pradesh Stock Exchange.

IIGF acquired a 26% stake in DTL Ancillaries Limited for Rs. 250 Million by way of subscription to equity shares in DTL Ancillaries Limited and has an option to invest further up to Rs. 200 Million.

The JSA Team comprised of Partners – Upendra N. Sharma and Sidharrth Shankar; Senior Associate – PallaviPuri; and Associate – Mudita Roy.

DSK Legal advised DTL Ancillaries Limited and was headed by their partner, Raksha Kothari.

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