Aion Capital has invested over Rs. 200 crore ($31 million) in Jyoti Structures Limited, a Mumbai-based company specialising in power transmission, distribution and engineering, procurement and construction (EPC) projects..Luthra & Luthra Law Offices acted as Indian legal counsel for Aion Capital, a joint venture between Apollo Global Management and ICICI Venture. The Luthra team was led by Partner Bikash Jhawar along with Partner Amit Shetye, Senior Associate Pulkit Sharma and Associate Ananthi Bharadwaj..Kirkland & Ellis advised Aion and investors on US aspects of the investment. The Kirkland & Ellis team was led by Partner Srinivas Kaushik..Bharucha & Partners advised Jyoti Structures with a team led by Partner Alka Bharucha..The deal is a structured equity transaction where the money is expected to flow in tranches. The funding is likely to help Jyoti Structures with its working capital besides expansion plans, according to VCCircle.
Aion Capital has invested over Rs. 200 crore ($31 million) in Jyoti Structures Limited, a Mumbai-based company specialising in power transmission, distribution and engineering, procurement and construction (EPC) projects..Luthra & Luthra Law Offices acted as Indian legal counsel for Aion Capital, a joint venture between Apollo Global Management and ICICI Venture. The Luthra team was led by Partner Bikash Jhawar along with Partner Amit Shetye, Senior Associate Pulkit Sharma and Associate Ananthi Bharadwaj..Kirkland & Ellis advised Aion and investors on US aspects of the investment. The Kirkland & Ellis team was led by Partner Srinivas Kaushik..Bharucha & Partners advised Jyoti Structures with a team led by Partner Alka Bharucha..The deal is a structured equity transaction where the money is expected to flow in tranches. The funding is likely to help Jyoti Structures with its working capital besides expansion plans, according to VCCircle.