Deal Closed | Shri Investments | Investment in Alpha Alternatives Holdings Private Limited

The details of the deal are as under

Sector: Financial Services

Announcement Date: 12-Aug-2020

Completion Date: 24-Aug-2020

Name & Contact Details of Client: Shri Investments / Abhishek Dalmia

Name and Description of Acquirer: Multiple Trusts (Haripriya, Harivansh and Priyamvada Trust) managed by Abhishek Dalmia, chairman of Renaissance Group, India

Name and Description of Target: Alpha Alternatives Holdings Private Limited | India Company through its subsidiaries is in the business of dealing buying and selling, investing, trading, consulting, advising, and managing assets in multiple asset classes including but not limited to equities commodities debt, and fixed income.

Deal Description: Advised multiple trusts (Haripriya, Harivansh and Priyamvada Trust) managed by Abhishek Dalmia, chairman of Renaissance Group, in relation to an investment by such trusts and other Investors in Alpha Alternatives Holdings Private Limited

Total Consideration:  INR 110 Crores (USD 15 million)

Team Members:  Ajay Bhargava (Partner), Vineet Shingal (Partner), Nayantara Kutty (Principal Associate), Pratik Jain (Associate) and Vaibhavi Tadwalkar (Associate) 

Role of Firm: Transaction Counsel to the trusts (Haripriya, Harivansh and Priyamvada Trust) / Abhishek Dalmia.