E-Commerce
Veritas Legal has a well-established team with a long-standing understanding of this space from the business side as well as the consumer side. Our firm provides impressive offerings on issues pertaining to setting up e-commerce operations in India, payment process systems, consumer logistics planning and distribution network services. The team has advised on varied types of e-commerce offerings ranging from B2B, B2C, C2C and the like. We are well positioned to advice on regulatory compliance and operational requirements as well as handling exchange control issues surrounding foreign businesses pertaining to ownership and control. We have a good understanding of the challenges that are at play in this dynamic sector and therefore, provide pragmatic and commercial advice to various private equity funds for investment in the e-commerce sector.
Mirae Asset Capital
Acted for and advised Mirae Asset Capital, an existing investor in Supermarket Grocery Supplies Private Limited (bigbasket.com) on further investment of US$17 million in Bigbasket, and restructuring of its rights post majority acquisition of 64% by Tata Group for US$ 1.2 billion.
https://www.vccircle.com/mirae-asset-leads-150-mn-investment-round-in-bigbasket
Partners Group – Ecom Express
Advised Partners Group in relation to their primary investment of over US$250 million in Ecom Express Private Limited and secondary acquisition of shares from Eaglebay Investment Ltd. (a Warburg Pincus entity) and the promoter group of Ecom Express.
https://www.partnersgroup.com/en/news-views/press-releases/investment-news/detail/article/partners-group-to-invest-over-usd-250-million-to-acquire-equity-stake-in-ecom-express-a-significant-player-in-indias-e-commerce-ecosystem-2/
https://www.vccircle.com/partners-group-to-invest-in-ecom-express
Education
The team offers expert guidance across all legal aspects of education. We are well equipped to advise businesses, investors and public as well as private academic institutions on complex legal challenges they are likely to face while navigating the framework of this sector. From giving strategic legal advice to investors looking to invest in an ed-tech to dealing with regulatory and compliance hurdles in connection therewith, our attorneys have represented clients in varied transactions. As a result of this extensive experience, our team is able to effectively advise on the substantive legal, regulatory and policy issues connected with this sector even when it comes to supporting private investors in their first forays into this sector. A significant part of our role is to advise investors and international education providers on growth opportunities, merger and acquisition activity and overall corporate governance. At all times, we customize the support we provide in-keeping with local market practices and the relevant regulatory frameworks.
Northwest Education Pte. Ltd. and its shareholder
Advised and represented in sale of 100% shareholding to Think & Learn Private Limited (Byju’s) and Great Learning Education Pte. Ltd.
https://thedealmatter.com/deals/northwest-educations-sale-of-its-100-shareholding-to-think-learn-private-limited-byjus-and-great-learning-education-pte-ltd/
Financial Services
At Veritas Legal, we believe in having a hands-on approach to resolving challenges faced by financial services companies while meeting their business objectives. Our team provides focussed legal support to clients on a broad spectrum of matters like debt restructuring, re-financing, syndicate loans, commercial borrowing, insolvency & bankruptcy, establishment and registration of non-banking financial companies (NBFCs), non-convertible debentures (NCDs), cross-border & structured finance, Special Purpose Vehicles (SPVs) and the general regulatory requirements governing the financial sector.
Fintech
Fintech is a new age sector that has grown exponentially with the increased accessibility and usage of high-speed internet. To help our clients make the most of this evolving space, lawyers at Veritas Legal keep themselves abreast with the latest developments in the regulatory and legal framework governing Fintech. With more people opting to use financial services on the go, we ensure our service provider clients are well equipped to serve their end-users or consumers by keeping them updated with the legal requirements of this regulated sector. Our legal advice extends to existing traditional BFSI companies looking to launch new fintech products as well as new-age start-ups and investors looking for transactional and advisory support.
Food & Beverages
The team provides specialist advice to clients based on their expert knowledge of this sector, married with a deep understanding of the sector dynamics, with the sole aim of meeting client objectives by helping to addres the challenges and identify the opportunities. We have advised Indian and international clients, including ecommerce platforms, on increasing their presence in the F&B industry through decisive investments and acquisitions. Using our solution-oriented approach, we also guide clients on wider strategic objectives like the formation of joint ventures, setting up of franchises, contract management and navigating through the regulatory framework peculiar to the F&B industry. We also understand the strengths and vulnerabilities of the supply chain, and our team works closely with clients to advise them on contractual, regulatory and brand protection concerns. By combining our manufacturing and retail sector knowledge, our team is able to counsel clients on every aspect, whether transactional or in connection with claims and disputes.
Kedaara Capital – Universal Medicare – Sanofi
Acted for and advised Universal Medicare Private Limited and Kedaara Capital Fund II LLP (through its joint venture entity, Universal Nutriscience Private Limited) in relation to the acquisition of the Caiman business of Sanofi India Limited.
https://www.moneycontrol.com/news/business/universal-medicare-kedaara-capital-consortium-completes-buyout-of-sanofi-indias-nutraceutical-business-7527691.html
https://thecapitalquest.com/2021/07/28/kedaara-backed-firm-to-buy-sanofi-indias-nutraceuticals-business
Mirae Asset Capital
Acted for and advised Mirae Asset Capital, an existing investor in Supermarket Grocery Supplies Private Limited (bigbasket.com) on further investment of US$17 million in Bigbasket, and restructuring of its rights post majority acquisition of 64% by Tata Group for US$ 1.2 billion.
https://www.vccircle.com/mirae-asset-leads-150-mn-investment-round-in-bigbasket
FDL UK – Vegro Solutions GmbH
Acted for and advised Fuerst Day Lawson Limited in relation to their sale of 100% of their stake in Fuerst Day Lawson (India) Private Limited to Vegro Solutions GmbH.
https://www.legallyindia.com/corporatemna/dsk-veritas-acts-on-vegro-switzerland-buy-of-fuerst-day-lawson-india-sep-20-20210527-12190
Hotels & Hospitality
The team at Veritas Legal is well equipped to tackle the intricacies in this sector using a combination of legal expertise and sector knowledge to help clients achieve their objectives. Whether that is to finance, own, operate or develop a hotel, serviced apartment, branded residence or mixed-use development, our hotels and hospitality team can help. With extensive experience in all aspects of the hotels and hospitality sector having advised on both sides of a transaction. We advise clients on full suite of hotel management contracts, franchising, branded residences / serviced apartments, investments, acquisitions and disposals, real estate acquisitions in the hotels and hospitality space, property development, management and leases, restructurings and insolvency, joint ventures, sale and leasebacks/manage-backs, fractional ownership, licensing and regulatory issues, litigation and disputes and employment issues.
Brookfield Asset Management
Acted for and advised on the acquisition of 50% stake in Tulsi Palace Resorts Private Limited, owner of the Leela Palace Jaipur.
https://bwhotelier.businessworld.in/article/The-Leela-to-expand-its-portfolio-with-a-landmark-debut-in-Jaipur/28-09-2020-325494/
https://hospitality.economictimes.indiatimes.com/news/hotels/the-leela-palaces-debuts-in-the-pink-city-with-the-leela-palace-jaipur/78363273
Hotel Leelaventures and the Promoters of the Leela Group
Advised on the sale of its hotel assets in Delhi, Chennai, Udaipur and Bangalore to Brookfield Asset Management. This deal has been recognized as a ‘Deal of the Year – 2019’ by India Business Law Journal.
https://www.livemint.com/companies/news/hotel-leelaventure-completes-sale-of-assets-to-brookfield-11571754320592.html
https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/brookfield-buys-key-leela-hotel-assets-for-rs-3950-crore/articleshow/68468458.cms
Provenance Land
Advised in connection with an investment in its Mumbai hotel by GIC.
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/singapores-gic-buys-49-in-provenance-land-for-rs-1000-cr/articleshow/65509036.cms?from=mdr
Information Technology, Data & AI
At Veritas Legal we have a team of lawyers who are well versed with and help navigate the complex IT and tech-based landscape. We have advised both domestic and international businesses on cross border investments, private equity and M&A transactions involving this sector. Our expertise extends to drafting and negotiating technology contracts, drafting data privacy policies, protecting intellectual property rights, representing clients in various tech disputes across various forums, and ensuring sector-specific regulatory compliance. We recognize that rapid advances in technology are significantly affecting clients’ business models, growth strategies and even day-to-day functioning, thereby increasing the need for a team that can deliver strategic advice to help clients stay ahead of the curve and keep up with the pace of change.
Insurance
Veritas Legal has substantive experience in this highly regulated Indian insurance sector together with being well versed with the regulatory complexities and issues surrounding it. We firmly believe in guiding our clients along every stage of a deal. We are adept at advising on various insurance regulatory and corporate commercial issues faced by Insurers, Reinsurers, Foreign Reinsurance Branches, Insurance Intermediaries (including brokers, web aggregators and corporate agents), start-ups seeking to acquire licenses for insurance intermediation, and other entities seeking to structure their businesses in accordance with the Indian framework. We have acted for Indian promoters, foreign investors and Private Equity Funds in relation to investments in the insurance sector.
Pharmaceuticals & Healthcare
Veritas Legal has a compelling reputation in this highly regulated sector. The firm is well versed with the finer nuances and legal intricacies of this sector. Our clients include various market leaders both in India and abroad. Our firm has a strong offering of services which include transactional work involving negotiation, M&A, conducting regulatory due diligence, PE, JV transactions and dispute resolution. We have advised our clients in various regulatory matters and legislations including foreign contribution regulations, price control regulations, marketing and distribution of pharmaceutical products etc. Our team also provides dispute resolution strategies with respect to the complex regulatory landscape in the country.
Kedaara Capital – Universal Medicare – Sanofi
Acted for and advised Universal Medicare Private Limited and Kedaara Capital Fund II LLP (through its joint venture entity, Universal Nutriscience Private Limited) in relation to the acquisition of the Caiman business of Sanofi India Limited.
https://www.moneycontrol.com/news/business/universal-medicare-kedaara-capital-consortium-completes-buyout-of-sanofi-indias-nutraceutical-business-7527691.html
https://thecapitalquest.com/2021/07/28/kedaara-backed-firm-to-buy-sanofi-indias-nutraceuticals-business
Serum Institute – Schott Kaisha
Acted for and advised the Serum Institute of India Private Limited (Serum Institute) in its acquisition of 50% stake in Schott Kaisha Private Limited.
https://www.schott.com/en-in/news-and-media/media-releases/2021/schott-and-serum-institute-of-india-announce-joint-venture-for-pharmaceutical-packaging
https://www.businesstoday.in/industry/pharma/story/serum-institute-buys-50-stake-in-indias-largest-vial-maker-schott-kaisha-304385-2021-08-17
K Raheja Group – JP Morgan
Acted for and advised the K Raheja Corp Group, an India real estate major, in relation to filing relevant applications with the CCI for the purpose of obtaining its consent to consummate an intra-group restructuring involving the exit of JP Morgan and the consolidation of identified group companies through a series of acquisitions, mergers and de-mergers.
https://www.financialexpress.com/industry/k-raheja-to-buy-out-jpmorgan-in-rs-2400-crore-joint-venture/170581/
https://www.cci.gov.in/sites/default/files/Notice_order_document/C-2015-12-353O.pdf
Retail & Franchise
The team has a sound understanding of this space having catered to the retail group as well as brands and franchisors. Our firm provides impressive offerings on issues pertaining to setting up of India operations and/or their ordinary business, real estate transactions, corporate transactions (domestic and cross-border mandates), commercial franchising matters and dispute resolution. We are well positioned to advice on regulatory compliance and operational requirements as well as handling exchange control issues surrounding foreign franchisors. We have a good understanding of the challenges that are at play in this dynamic sector and therefore provide pragmatic and commercial advice to various private equity funds for investment in the retail and wholesale sector. We are particularly recommended for advising hotel developers, owners, operators in commercial, franchising and management agreements.
Reliance – Abu Jani Sandeep Khosla
Acted for and advised Abu Jani Sandeep Khosla, and its partners Abu Jani and Sandeep Khosla, in relation to the joint venture partnership with Reliance Brands Limited.
https://www.ril.com/getattachment/45804f3a-3dd8-4ec6-ab8b-9737f5c73afe/Reliance-Brands-Limited-and-Abu-Jani-Sandeep-Khosl.aspx
https://timesofindia.indiatimes.com/business/india-business/reliance-picks-up-majority-stake-in-homegrown-designer-label-abu-jani-sandeep-khosla/articleshow/90941909.cms
House of Masaba
Acted for, advised and assisted House of Masaba Lifestyle Private Limited and Ms Masaba Richards in relation to the acquisition of 51% of the share capital of House of Masaba Lifestyle Private Limited.
https://www.livemint.com/companies/news/aditya-birla-fashion-picks-up-51-stake-in-masaba-label-for-90-crore-11642145039589.html
https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/aditya-birla-fashion-to-buy-51-stake-in-masaba/articleshow/88892651.cms
Goldman Sachs
Advised in relation to their primary investment in Manash Lifestyle Private Limited (Purplle) and thereafter in the further Series C investment into Purplle by Verlinvest.
https://www.techcircle.in/2019/12/12/goldman-sachs-bets-27-mn-on-beauty-products-e-tailer-purplle
https://finance.yahoo.com/news/goldman-backed-beauty-startup-raises-091028763.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEyCQKsqlSEjoQsSmQD0gs_ZSaXy8Shb11YD1JkmoBiQjfPnRqKvGAH4QbfYjvTXKFly4YKky97kMnSEGusYQfFtQX2XIxID3oZL8WP7ype68kLJQWu51UqsHRYGkgN0GABSDzNBoklZLyD_yo7pObO1MdgU268p3mmGH_U74dcG
Technology, Media & Telecommunications
This practice area deals with the different modes of communication across different platforms, whether it’s television, print, the internet or mobile devices, and our highly dedicated and experienced team assists the clients in navigating through the associated complexities. Our team possesses the requisite technical and legal knowledge that not only addresses the client’s specific legal needs, but also offers innovative solutions in this swiftly-changing and challenging market. Being at the fast end of a quickly evolving area of law, the team manages to constantly stay abreast with the latest updates in the legislative and regulatory framework. Our range of offerings include advising on licensing of software and hardware, outsourcing arrangements, domestic and cross-border transactions, regulatory approvals, intellectual property related issues, litigation, anti-trust and unfair competition, and compliance-related issues.
Partners Group
Advised in relation to leading the primary investment in SirionLabs Private Limited.
http://bwlegalworld.businessworld.in/article/Veritas-Legal-Represents-Partners-Group-In-Relation-To-Its-Primary-Investment-In-SirionLabs/24-05-2022-430039/
TPG
Advised in relation to its investment in an INR 1,050 crore fundraising in Dr. Agarwal’s Healthcare Limited from TPG Growth and Temasek.
https://www.thehindubusinessline.com/companies/dr-agarwals-health-care-raises-1050-crore-from-tpg-growth-temasek/article65400708.ece
Epiq Capital
Advised in connection with the subscription of securities in GHV Advanced Care Private Limited (Pristyncare)
http://bwlegalworld.businessworld.in/article/Deal-Closed-Epiq-Capital-Veritas-Legal/11-05-2021-389348/
Transport, Logistics & Warehousing
Veritas Legal has a team with a multi-disciplinary experience that we are able to leverage when representing clients with legal needs pertaining to logistics, manufacturing, and storage. Our lawyers have a deep regulatory understanding of the limitations and opportunities presented in these niche sectors and we use the same to the advantage of our clients. We regularly advise clients on legal issues related to title of the land, leasing and licensing of warehousing spaces, contract management, labour and employment, environmental regulations, insurance and dispute resolution. We work with clients domestically and internationally through the entire process and on all legal issues connected with a project, or their day-to-day business.