Khaitan & Co advised responsAbility Agriculture I, SLP (responsAbility) in relation to its Series C round of investment in Samunnati Financial Intermediation & Services Private Limited (Samunnati) alongwith certain existing investors of Sammunati – Accel India V (Mauritius) Ltd and Elevar M-III. The investment was done by way of subscription to 100 equity shares and 317,423 Series C Compulsory Convertible Preference Shares of Samunnati. responsAbility Agriculture I, SLP (responsAbility) is a special limited partnership organised and existing under the laws of the Grand Duchy of Luxembourg. It is a representative of responsAbility Investments AG, an asset manager in the field of development investments and offers professionally-managed investment solutions to private, institutional and public investors. The investment solutions pursued by responsAbility Investments AG and its group companies supply debt and equity financing predominantly to non-listed firms in emerging and developing economies. The core transaction team included Bharat Anand (Partner), Aditya Patni (Principal Associate) and Abin Francis (Associate) with assistance from the following members:
– Diligence aspects: Akshay Sharma (Associate) and Akhil Sharma (Associate)
– Direct tax aspects: Vinita Krishnan (Associate Director) and Ankit Namdeo (Associate)
King & Wood Mallesons’ (KWM) administrators’ Quantuma has applied to extend the time it has to deal with the firm’s insolvency.