Majmudar acts on browndove healthcare fund raise from a group of investors

by | Jun 6, 2019

A group of investors lead by Dr. Ramesh Kancharla have invested in Browndove Healthcare Private Limited, a manufacturer and supplier of a complete range of medical devices in renal care products.

Assentio Legal, a firm set up in 2018 with offices in Chennai and Bangalore, represented the investors. The Assentio team was led by Bangalore Partner Renu Gopalakrishnan along with Associate Varsha Gopalakrishnan.

Majmudar & Partners acted for Browndove Healthcare and the team included N. Raja Sujith and Sushmita R from the Bangalore office.

Browndove Healthcare has a presence across India having its own stock points and branches in major cities including Bengaluru, Cochin, Chennai, Hyderabad, Mumbai and Delhi. It has been previously funded by healthcare focussed private equity firm,  Somerset Indus Capital.

Source: Bar&Bench

More News

US Fiscally Transparent LLC qualifies as a US Tax Resident

The Indian tax authorities have denied treaty benefits to fiscally transparent entities such as foreign partnership firms and limited liability corporations (LLCs) on the ground that such entities are not liable to tax in their home country and do not qualify as tax...

read more

ITR World Tax 2025 Rankings

We are pleased to share that we have been ranked by ITR World Tax in the practice areas of General Corporate Tax, Indirect Tax and Transfer Pricing. Akil Hirani, Managing Partner and Head of Transactions, and Ravi S. Raghavan, Partner - Tax and Private Client Group,...

read more

SEBI’s new proposal on FPI disclosures

The Securities and Exchange Board of India (“SEBI”) has released a consultation paper proposing to modify the disclosure requirements for large foreign portfolio investors (“FPIs”).  In August 2023, by its circular SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148, SEBI...

read more

Akil Hirani interviewed by The Legal 500

Original source: Legal500.com Akil Hirani, Managing Partner and Head of Transactions, outlines the philosophy of the firm and explains how the firm is adapting to client needs. What do you see as the main points that differentiate Majmudar & Partners from your...

read more

Karnataka Gig Worker Law

The Karnataka government has recently issued the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2024 (Bill) and has invited objections/ suggestions from stakeholders.  The provisions of the Bill will apply to all platform aggregators in...

read more