"Knowledge Marine & Engineering Works Secures ₹240 Crore Funding with Vertices Partners' Assistance"

"Knowledge Marine & Engineering Works Limited, an Indian private company specializing in dredging and marine engineering services, has successfully raised ₹240 crore (approximately USD 27.20 million) through a preferential issue of equity shares. The funds, advised by Convergent Finance LLP, will secure a 10.3% stake in the company. The transaction was facilitated by legal advisors Vertices Partners and Ramanathan & Vahanvati."

In a recent transaction, the law firms Vertices Partners and Ramanathan & Vahanvati participated, advising Knowledge Marine & Engineering Works Limited and Convergent Finance LLP, respectively. Knowledge Marine & Engineering Works Limited successfully raised ₹240 crore (USD 27.20 million) through a preferential issue of equity shares to funds advised by Convergent Finance LLP, which include Infinity Direct Holdings, Infinity Direct Capital, and Infinity Partners II - Direct. As part of this funding round, the funds will acquire a 10.3% stake in the company, which specializes in dredging and marine engineering services. The legal teams involved in this transaction included: **Vertices Partners:** - Vishal Mehta (Partner) - Shagun Rathi (Senior Associate) - Amit Shekhar (Senior Associate) - Stuti Jain (Associate) **Ramanathan & Vahanvati:** - Ashwin Ramanathan (Founding Partner) - Siddharth Prasad (Counsel) - Arushi Naresh Hegde (Associate) - Malika Lalwani (Associate)

"Knowledge Marine & Engineering Works Secures ₹240 Crore Funding with Vertices Partners' Assistance"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads