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.

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

FPI update

Nov 18, 2024

The Reserve Bank of India has recently notified that shares held by foreign portfolio investors (FPIs) in listed Indian companies in excess of the 10% investment cap will either have to be divested or reclassified as foreign direct investment (FDI). Moreover, on...

read more

Legal Era 2024-25 rankings

Nov 8, 2024

We are pleased to share that Akil Hirani, Managing Partner and Head of Transactions, and Rukshad Davar, Partner and Head - M&A Practice Group, have been recognized as leading lawyers by Legal Era in their 2024-25 rankings. Congratulations to them all.

read more

US Fiscally Transparent LLC qualifies as a US Tax Resident

Sep 18, 2024

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