SIDBI Venture Capital Limited has made an investment in Zerund Manufacturing Private Limited, in a ₹150 million which also saw participation from NEDFi Trustee Limited.
ALMT Legal advised SIDBI Venture Capital on this transaction. TThe ALMT Legal team worked closely with SIDBI Venture Capital Limited, Promoters, and other stakeholders to facilitate the successful completion of the transaction.
The transaction team was led by Statira Ranina (Senior Partner), Vaishakh Kapadia (Partner) and Sheetal Mishra (Principal Associate) who advised on the end-to-end transaction. Shivani More (Associate) advised on secretarial compliances.
Zerund Manufacturing is engaged in manufacturing fly ash bricks with patented technology. The funding acts as a strategic investment to support the company's growth and expansion within the north-eastern region of the country, in Maharashtra and in neighbouring countries such as Bangladesh.
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