ELP, Samvad on Mayfield $5mn in Securens

Tuesday, 17 June 2014 By Legally India Corporate M&A

Economic Laws Practice (ELP) advised old client Mayfield Fund in its Rs 30 crore investment in Mumbai-based Securens Systems which was advised by Samvad Partners.

ELP Mumbai co-founding partner Suhail Naithani, associate partner Vinayak Burman, senior associate Archana Khosla and associate Shubhra Sharma acted for Mayfield Fund which had recently taken the firm’s advice on its investment in India Property Online and in Amagi, in addition to older investments.

Samvad managinvg partner Harish Narsappa and associate Srinivas Anirudh acted for Securens and its promoters, in which Mayfield is already an investor.

Securens founder Sunil Udupa claims to have brought the ATM machine to India, according to the Business Standard. Securens is India’s largest provider of monitored intrusion alarm systems or e-surveillance systems, according to the Times of India.

Economic Laws Practice (ELP)Samvad Partners

Comments

Guest 17 Jun 2014, 06:10
+2 -4
After Rs. 3.5 crore now reporting deals for 30 lakhs??? Seriously hire a good lawyer with a couple of good years working experience in high end transactions. He can tell you what is worth reporting. I am really disappointed. Are you guys paid by Samvad to report such funny deals?
kianganz 17 Jun 2014, 06:35
+3 -0
We report what we hear about and that looks interesting. A lot of early-stage investments will by definition be small but are worth reporting because small companies do grow up and become big companies sometimes with bigger mandates.

This also reflects what's out there in the market and the kind of work that a firm does. We're not only here for the high-end market, but are also looking to capture activity in the mid- and lower-end of the market.
Bling 17 Jun 2014, 06:46
+2 -1
Kian is right.. the fact that ELP had two partners in a deal this small shows where the market is today...
anon 17 Jun 2014, 06:52
+2 -0
the article reads 30 crore and not 30 lakhs. decent spectacles may be in order!
Ram 17 Jun 2014, 06:54
+0 -0
I dont know whom to be disappointed with; Legally India because it gives the link to ET and then gets the name mentioned in ET wrong (Udupa vs Thapa) or Guest who writes a comment about 30 lakhs when the article talks of 30 crores. Further, the article clearly talks about ELPs deals rather than Samvad's deals!
Prachishrivastava 17 Jun 2014, 07:06
+0 -0
Hi,

Thank you for your comment. We have now corrected Thapa to Udupa.

Best wishes,
Prachi
Acche Din!! 17 Jun 2014, 11:13
+1 -0
Good days seem to have come at least for the Guest above!! Equating 50 lakh USD to 30 lakh rupees!!!! Such a strong Indian currency :)
Heh Heh 18 Jun 2014, 07:43
+0 -0
a case of sour grapes perhaps? haven't you seen names of other law firms? how does this make an announcement by samvad? Also, fyi - 30 crores is not 30 lakhs.
Heh Heh 18 Jun 2014, 07:50
+0 -0
Also, please can you help me understand whats 'funny' about the deal? not able to figure out
a Nirodh 17 Jun 2014, 20:11
+2 -0
You're the Man Ani!! Calls for a Hemingway..
Commenting is closed for this article.