Firm Matters
BackKhaitan & Co advised IIRM Holdings India Ltd (“IIRM”) and its promoters in connection with the proposed primary investment by Carpediem Capital and Sanshi Fund-I in IIRM by way of subscription to a combination of equity shares and fully convertible warrants. The investment is subject to receipt of IIRM’s shareholders’ approval and other applicable regulatory approvals.
The proposed investment is intended to support IIRM’s business expansion, strategic investments and acquisitions, capital expenditure and working capital requirements. With Carpediem Capital and Sanshi Fund-I as partners, IIRM will be well positioned to accelerate its expansion and further strengthen its market position in the insurance risk management and broking services sectors.
The Firm's role included assisting IIRM and its promoters with the legal and regulatory due diligence process and advising them on the drafting, negotiation, finalisation and execution of the definitive agreements relating to the transaction.
Deal Team
The core deal team comprised Shourya Sengupta (Partner), Riya Dutta (Consultant), Saswat Subasit (Partner), Karishma Sethia (Senior Associate), and Weindrila Sen (Senior Associate).
Corporate & Commercial: Legal and regulatory due diligence: Vibhav Seth (Principal Associate), Ruturaj Jere (Principal Associate), Joysurjo Roy (Senior Associate), Ishika Sinha (Associate) and Palak Sheth (Associate)
Employment Labour & Benefits: Abhinav Rastogi (Partner) and Sukriti Shrivastava (Associate)
Intellectual Property: Sourav Dan (Counsel) and Shouraseni Chakraborty (Associate)
