The Bangalore office of ALMT Legal advised India Electronic Development Fund (IEDF), India’s first private equity (category I SEBI) fund dedicated to electronic manufacturing and hardware..The ALMT team was led by Senior Associate Arita Chatterjee being supervised by Partner Rajat Bopaiah and Senior Partner S Arun..IEDF has been set up with an objective to provide the necessary fillip and growth capital to companies pursuing manufacturing in the electronic and hardware sectors.As its prime goal it seeks to strengthen capital deficiencies in those units who are part of the ‘Make in India’ initiative of the Government of India, according to the release..The fund is being established and set up in Mysore..The firm’s Senior Partner, S Arun commented, “IEDF is a significant game changer for the city of Mysore and the electronics manufacturing industry in India. We have worked with several companies in Mysore and in the electronic industry in the past. The Firm’s knowledge of the industry and as an important player for legal services amongst private funds operating in India, the partners of the Fund had complete faith and trust letting IEDF partner with us for its establishment”.
The Bangalore office of ALMT Legal advised India Electronic Development Fund (IEDF), India’s first private equity (category I SEBI) fund dedicated to electronic manufacturing and hardware..The ALMT team was led by Senior Associate Arita Chatterjee being supervised by Partner Rajat Bopaiah and Senior Partner S Arun..IEDF has been set up with an objective to provide the necessary fillip and growth capital to companies pursuing manufacturing in the electronic and hardware sectors.As its prime goal it seeks to strengthen capital deficiencies in those units who are part of the ‘Make in India’ initiative of the Government of India, according to the release..The fund is being established and set up in Mysore..The firm’s Senior Partner, S Arun commented, “IEDF is a significant game changer for the city of Mysore and the electronics manufacturing industry in India. We have worked with several companies in Mysore and in the electronic industry in the past. The Firm’s knowledge of the industry and as an important player for legal services amongst private funds operating in India, the partners of the Fund had complete faith and trust letting IEDF partner with us for its establishment”.