Lakshmikumaran and Sridharan (LKS) acted for Ritewater Solutions (India) Private Limited (Ritewater) and its promoters, Mr. Abhijeet Gan and Mr. Vinayak Gan, in connection with an investment of EUR 7,500,000 (seven million five hundred thousand euros) (approx.) by Belgium-based Incofin Investment Management’s (Incofin) water acceleration fund into Ritewater. Incofin’s water acceleration fund focuses on investments in entities providing innovative solutions for the provision of safe drinking water.
LKS’ Corporate Team assisted Ritewater and its promoters with the drafting, reviewing, negotiating, and finalizing the transaction documents for this transaction, along with rendering assistance in the closing of the transaction.
The team comprised of Mr. Gaurav Dayal, Partner, Mr. Sushrut Biswal, Partner, Mr. Rohan Verma, Principal Associate, Ms. Shylla Sawhney, Senior Associate, Mr. Daksh Hemnani, Associate, and Ms. Aishwarya Shankar, Associate. Mr. L. Badri Narayanan, Executive Partner provided his strategic inputs.
Khaitan & Co. LLP, acted for Incofin and the team was led by Mr. Gahan Singh, Partner.
Incofin’s water acceleration fund focuses on investments in entities providing innovative solutions for the provision of safe drinking water.
Rite Water focuses on providing potable water and water quality improvement services.
About Lakshmikumaran & Sridharan
Lakshmikumaran & Sridharan (LKS) is a premier full-service Indian law firm specializing in areas such as corporate & M&A/PE, dispute resolution, taxation and intellectual property. The firm, through its 14 offices across India, works closely on litigation and commercial law matters, advising and representing clients both in India and abroad. The firm has handled more than 30,000 litigation cases before various forums including 2,000 cases before the Supreme Court of India. Over the last 37 years, the firm has worked with over 15,500 clients which range from start-ups and small & medium enterprises to large Indian corporates and multinational companies.
The professionals within the firm bring diverse experience to service clients across sectors such as commodities, automobile, manufacturing, healthcare, IT/ITeS, FMCG, hospitality, real estate, petrochemicals, e-commerce, fintech, big data, renewables, cryptocurrency, gaming and sports. The firm takes pride in the value-based, client-focused approach that combines knowledge of the law with industry experience to design bespoke legal solutions.
The firm’s driving principles to achieve our vision are integrity, knowledge, innovation, and collaboration.
