Under a tight deadline, Malabar Investments was able to purchase a 5-6% stake in Affle India, ahead of its initial public offering according to a partner who advised the investors.
“Since the company was in the process of going public, the transaction was structured keeping in mind relevant SEBI [Securities and Exchange Board of India] regulations, while also protecting our client’s rights,” said Rajesh Begur, a partner at ARA Law, who advised Malabar India Fund and Malabar Value Fund, which are collectively known as Malabar Investments.
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