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Shardul Amarchand Mangaldas & Co. (SAM & Co.)

Shardul Amarchand Mangaldas Advises JM Financial Products on Investment in Vendiman

Sep 19, 2017   15:57 IST 
New Delhi | Mumbai, Maharashtra, India

Shardul Amarchand Mangaldas & Co (SAM & Co.) advised JM Financial Products on its investment in Vendiman Private Limited. Vendiman provides vending solutions for packaged food & beverages through unmanned / automated vending machines across India. 


The Merger and Acquisition Group of SAM & Co.‘s General Corporate Practice acted as counsel to the investor and assisted with preparation &negotiation of the transaction documents and closure of the transaction. The transaction team was led by Ms. Vishruta Kaul, Partner who was assisted by Mr. Pratyush Singh, Senior Associate, Ms. Sonali Bhardwaj, Associate and Mr. Manu Gupta, Associate.


As a part of the transaction, the JM Financial Products will hold a stake of nearly 41% in Vendiman Private Limited in 2 tranches.


The parties involved in the transaction were JM Financial Products Limited (Investor); Vendiman Private Limited (Target) and its promoters and other shareholders.


Other advisors to the transaction were Veritas Legal (Promoters’ and Company counsel).


The deal was signed on September 1, 2017 and the first closing occurred on September 14, 2017.


About Shardul Amarchand Mangaldas & Co.

With the legacy of a century, Shardul Amarchand Mangaldas & Co., established in 2015, is one of India’s leading law firms rated by international organisations, law directories and professional journals. As a full service law firm, Shardul Amarchand Mangaldas is renowned in the business community for its ability to enable business, its innovative solutions, responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” in its “Centenary Year of Excellence”.


Currently, the Firm has over 510 lawyers, including 91 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai

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