Sloki Technologies Private Limited (Sloki), a prominent player in the technology sector, received a strategic investment from Technopro, Japan. Majmudar & Partners played a pivotal role in facilitating this cross-border investment, providing comprehensive legal counsel to ensure compliance with India’s foreign investment regulations.

Facilitating the Transaction

Majmudar & Partners’ involvement in the transaction included the following key activities:

• Structuring the Investment Agreement: Assisted in drafting and finalizing the investment agreement to align with Indian regulatory requirements and Technopro’s investment strategy. Ensured terms adhered to the Foreign Exchange Management Act, 1999, its underlying rules and regulations, the Foreign Direct Investment (FDI) policy and the Reserve Bank of India’s guidelines.
• Regulatory Compliance: Advised both parties on compliance with Indian foreign investment laws, including necessary approvals under the FDI policy. This involved addressing sector-specific caps and automatic route conditions.
• Due Diligence Support: Conducted detailed legal due diligence on Sloki to evaluate its corporate structure, existing contracts, intellectual property rights, and employment matters, ensuring a seamless investment process.
• Intellectual Property Transfer: Provided guidance on securing and transferring intellectual property rights in alignment with Indian laws, ensuring Technopro’s operational goals were met while safeguarding Sloki’s assets.
• Post-Investment Advisory: Supported the integration process by drafting amendments to existing governance documents, such as the articles of association, to reflect Technopro’s rights and obligations post-investment.

This strategic investment highlights Technopro’s focus on expanding its technological capabilities through strategic alliances in India, one of the fastest-growing technology markets globally. For Sloki, this collaboration brings growth capital and a global partner to drive its innovation roadmap. Majmudar & Partners’ role in ensuring regulatory compliance and providing end-to-end legal assistance was instrumental in the successful completion of this transaction.

With extensive experience in foreign investment and cross-border transactions, Majmudar & Partners provides expert legal services to ensure seamless and compliant transactions. Contact us today to learn how we can assist in navigating the complexities of foreign investments and strategic partnerships.