Shardul Amarchand Mangaldas & Co. (SAM) advised Norwest Capital, LLC (Norwest) on its USD 15 million (~INR 130 crores) investment in Goyaz Jewellery Private Limited (Goyaz), a company engaged in the business of manufacturing jewellery constructed wholly or partially from silver or gold-plated silver or silver alloys.
The transaction involved Norwest’s subscription to compulsorily convertible preference shares of Goyaz and the purchase of equity shares from the founders. The investment reflects Norwest’s continued commitment to supporting high-growth, consumer-driven businesses in India’s evolving lifestyle and manufacturing sectors.
The SAM team was led by Aayush Kapoor, Partner, and Srikant C.V., Partner; along with Paavani Gupta, Senior Associate; Kanika Mittal, Senior Associate; and Rishika Sharma, Associate.
The due diligence team was led by Paavani Gupta, and included Kanika Mittal, Harjas Singh, Vipra Sankhla, Priyam Mahajan, Rishika Arya, Aditya Maheshwari, and Sanjana Reddy.