Month: August 2021

Veyrah Law advises Redkenko on its pre-Series A round

Announcement

Redkenko Health Tech Private Limited, a Mumbai-based health insurtech startup, has raised funds in pre-Series A round from Beenext, Orios Venture Partners, Waveform Ventures, 9Unicorns and certain Angel Investors.

Veyrah Law advised Redkenko, led by partner Ajay Joseph; principal associate Arun Mohanty; senior associate Anshul Pandey and associate Pooja Agarwal. Veyrah Law team assisted Redkenko with the structuring of their group entities; and drafting and negotiating the transaction documents.

Read More

Towards an Indian ‘Military-Industrial Complex’?

General Corporate

As of 2021, India has the second largest armed forces and the third largest defence budget in the world. However, historically, the defence sector in India has been a monopoly for public sector companies. In 2001, the defence sector was unlocked for domestic private businesses subject to certain licensing requirements. This was also the same time foreign investors were permitted to invest in the defence sector. Initially, foreign direct investment (FDI) was permitted up to a maximum of 26%. Over the years, the FDI cap has been substantially increased and currently stands at 100%, subject to certain conditions. More recently, due to external aggression from neighbouring states, the Government has been keen to further develop the Indian defence manufacturing sector. The thrust has been to encourage the development of indigenous solutions for its defence requirements and reduce its external dependency. In this article, we will discuss the opportunities for foreign and domestic investors in the Indian defence industry.

Read More
 

The rules of the Bar Council of India prohibit lawyers and law firms from advertising or soliciting for work. This website is not meant for advertising the practice or for soliciting clients and is solely created for providing information. Any action taken by you based on the information provided in this website is at your own risk and Veyrah Law or its members will not be liable for any loss you suffer due to such actions. By accepting the terms contained here you agree that you have read and understood these terms, ‘Terms of Use’ and the ‘Privacy Policy’ contained in this website. Further, you agree that you are viewing the contents of this website at your own discretion to obtain necessary information.