Advised Devang Mehta and Sandeep Shetty on investments in Zaamy and Gaia, including all transaction documentation

Devang Mehta and Sandeep B. Shetty, prominent investors, made strategic investments in Zaamy Technologies Private Limited (Zaamy) and Gaia Smart Cities Solutions Private Limited (Gaia). Majmudar & Partners played a key role in this transaction by providing legal guidance on structuring the investment, drafting critical agreements, and ensuring compliance with Indian laws.

Facilitating the Transaction

Majmudar & Partners’ involvement in the transaction was pivotal, with their expertise spanning the following areas:

  • Drafting and Finalizing the Term Sheet: Advised on and finalized the term sheet, aligning it with the strategic objectives of the investors and ensuring a clear framework for the investment terms and conditions.
  • Share Subscription and Shareholders Agreement: Drafted and negotiated the share subscription agreement and shareholders’ agreement, detailing rights and obligations of the parties, exit mechanisms, and governance frameworks for the target companies.
  • Restated Articles of Association: Revised and restated the Articles of Association for Zaamy and Gaia to incorporate the agreed terms from the transaction documents, ensuring alignment with Indian corporate laws.
  • Corporate Secretarial Support: Provided comprehensive assistance in the execution and filing of corporate secretarial documents, including statutory filings with the Registrar of Companies to reflect the changes in shareholding and company structure.
  • Compliance and Legal Advice: Ensured adherence to regulatory requirements under the Companies Act, 2013, and Foreign Exchange Management Act (FEMA), 1999 facilitating smooth investment transactions and minimizing legal risks.

This investment marked a strategic milestone for Zaamy and Gaia, enabling growth and innovation in their respective domains. Majmudar & Partners’ expertise ensured a seamless transaction while safeguarding the interests of all stakeholders involved.

Majmudar & Partners specializes in structuring and facilitating private equity investments across diverse industries. Contact us for customized legal solutions to help navigate complex investment transactions with ease.

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