L&L acts for Mintifi on $8m IFC equity investment with Trilegal, CAM

Thursday, 30 May 2019 By Legally India Private equity / VC

International Finance Corporation (IFC) has proposed to invest up to $8 million in equity in Mintifi, a tech-driven distributor/dealer financing platform. The company also has an impact investment fund as an investor. — Business Standard

L&L Partners advised Mintifi Private Limited led by a transaction team of partner Apurva Jayant and associate Nikhil Variyar. The team was also assisted by associates Isha Narain, Tanvi Varma and Amritha Kumar.

Cyril Amarchand Mangaldas represented Lok Capital.

Trilegal acted for International Finance Corporation (IFC).

2019-05-06

Deal value: Confidential

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L&L PartnersCyril Amarchand MangaldasTrilegal

Comments

Uff 30 May 2019, 11:54
+4 -0
You've listed the deal value as confidential but written 8m in the headline
kianganz 30 May 2019, 12:04
+4 -0
The firm (or company) officially didn't supply a deal value, but a newspaper report did, so we have retained both. Maybe we could clarify the wording a bit in future - our system is still a work in progress... :)
Homework 1 Jun 2019, 13:06
+1 -0
You could do some basic digging and pull out ROC filings for mintifi. But maybe that's more than we can expect from LI.
Guest 1 Jun 2019, 18:28
+1 -1
Honestly that is way more than you can expect from any news agency. And there is no way to verify the actual amount of investment from ROC filings as it may not show the actual price paid by the investor but only the FMV. Clearly DD Kar Kar ke a0 ko sort MCA website check Karna Aaya hai. given that it is such a trivial issue, please let legallyindia be. It is frankly a small investment and no one cares.firms are disclosing all these smaller investments also coz they all want to be as higher in the ranking as possible.
cher 30 May 2019, 15:00
+14 -1
good to see luthra deals and good to notice comment fatigue around anti luthra talk
or maybe other law
firms have caught on to luthras practices(sam for forfeiting salary/clawbacks- legally unsustainable but anyway and other firms on the time punching). and khaitan as always the sweet backhand knife. luthra was ahead of its time in nasty hr policies.
Phir kya hua? 31 May 2019, 05:53
+2 -0
I am curious to know more about firms' wierdo and inhumane HR policies.
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