VERTICES PARTNERS, Ramanathan & Vahanvati act on Knowledge Marine & Engineering Works ₹240 crore fundraise

Knowledge Marine & Engineering Works Limited has raised ₹240 crore (USD 27.20 million) through a preferential issue of equity shares to funds advised by Convergent Finance LLP, namely for Infinity Direct Holdings, Infinity Direct Capital and Infinity Partners II - Direct.

VERTICES PARTNERS advised Knowledge Marine & Engineering Works on this fundraise.

The transaction was led by Vishal Mehta (Partner), along with a team that included Shagun Rathi (Senior Associate), Amit Shekhar (Senior Associate), and Stuti Jain (Associate).

Founder and Managing Partner, Vinayak Burman provided strategic inputs

Ramanathan & Vahanvati represented Convergent Finance LLP.

The transaction was led by Ashwin Ramanathan (Founding Partner), along with a team that included Siddharth Prasad (Counsel) and Associates Arushi Naresh Hegde and Malika Lalwani.

Knowledge Marine & Engineering Works Limited is an Indian private company that focuses on dredging and marine engineering services. They are involved in maintaining ports and waterways, and the owning, chartering, hiring, manning, operating, and technical maintenance of marine crafts. They also offer repairs and maintenance for marine equipment.

As part of this round, funds advised by Convergent Finance LLP are to be invested for a 10.3% stake in the Company.

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