Touchstone Partners

We are delighted to have advised the selling shareholder, Viridity Tone LLP, an investment entity of True North Co, in connection with the sale of part of its stake by way of an offer for sale in the initial public offering of Anthem Biosciences Limited.  Anthem Biosciences is a Contract Research, Development and Manufacturing Organization offering services dedicated to enabling and sustaining global research efforts in the discovery of new compounds by pharmaceutical, #biotechnology, specialty chemicals, agriculture chemicals and material science companies. The matter was led by Uday Walia, Kabir Walia and Mahak Goyal. #touchstonepartners #IPO #exit #AnthemBiosciences #pharmaceuticals https://lnkd.in/gN-EqYzQ

Touchstone Partners is pleased to have advised DIAGEO India in connection with its acquisition of a majority controlling stake in NAO Spirits.

Our latest Truly Touchstone session centered on the often unseen but powerful influence of cognitive and social biases in #decisionmaking, highlighting how these mental shortcuts, while sometimes useful, can also distort judgment, especially in complex, high-stakes business environments. Drawing on foundational and contemporary readings, we examined how these hidden traps can subtly derail even well-intentioned efforts, and how awareness and deliberate structure can help steer us toward clearer, more objective decisions. #touchstonepartners #professionaldevelopment #organizationalculture #teambuilding #biases Read the article at: https://lnkd.in/gTvdwHCc

We are delighted to have advised All Home Bharat Platform Private Limited (AHB), founded by Dharmil Sheth, Dhaval Shah and Hardik Dedhia, in connection with: (i) establishing and securing its seed round fundraising led by Bessemer Venture Partners and (ii) successful onboarding of brands such as Colour Coats, The House of W and Fiamarc.   Dharmil Sheth, Dhaval Shah and Hardik Dedhia, co-founders of PharmEasy have launched AHB, a platform focused on the architectural and interior design sector, offering an integrated, one stop platform for home category products by partnering with home improvement brands.   The Touchstone Partners team advising on the transaction included Pranay Bagdi, Kunal Gopal, Rajvee Bavishi and Aniket Singh. #touchstonepartners #AllHome #PharmEasy #startup #architecture #interiordesign #Funding Read the press release here: https://lnkd.in/gvgJU9y8 Read more about the deal and our other deals here: https://lnkd.in/gHiRxkmF

We are delighted to have advised DIAGEO India in connection with its acquisition of a majority controlling stake in NAO Spirits, an emerging Indian craft spirits company with award winning brands ’Greater Than’ and ’Hapusa’. The transaction involved a secondary purchase from the existing shareholders of NAO as well as a fresh subscription of shares in NAO by Diageo India. The Touchstone Partners team advising on the transaction included Yashasvi Mohanram, Vaishnavi Sankar, Achint Jain and Aayushi Jain. Visit the deal on our website: https://lnkd.in/gQMq8mjE Read the press release in the Economic Times: https://lnkd.in/gpBTyTkZ #DiageoIndia #NAOspirits #Hapusa #GreaterThan #PIPA #CraftSpirits

In recent years, we have seen progressive regulatory reforms easing the pathway for take-private deals in India. Despite these reforms, a clear and effective “squeeze-out” mechanism remains absent. This article co-authored by Yashasvi Mohanram and Sumnima Kataruka analyses the key legal hurdles as well as the recent judicial rulings highlighting the pressing need for a structured framework akin to other jurisdictions to help controlling shareholders acquire full ownership post-delisting. An edited version of the article was first published in the Financial Express on 19 June, read it here: https://lnkd.in/gRQW3SmF. Read more at: https://lnkd.in/eAm8Gs2m #touchstonepartners #squeezeouts #delisting #companiesact

“The emergence of #ArtificialIntelligence since the launch of #LLM models is likely to present certain challenges to competition authorities across various jurisdictions. Major existing digital players are driving the amazing growth of AI with its huge potential benefits for consumers, industries and governments. At the same time, this is raising potential issues under #competitionlaw. It is reassuring to see that major competition authorities have undertaken studies to examine the evolving trends in AI industry and where potential competition law questions could arise.” - Vinod Dhall Senior Adviser Click here to read more on our website and to read an edited version of the article published on 20 May 2025, in the Financial Express: https://lnkd.in/gjX_kQZ7 #touchstonepartners #AI #innovation #digitalmarkets #competitionlaw #CCI

We are delighted to have advised Kotak Strategic Situations Fund II, a GIFT City based fund being managed by Kotak Alternate Asset Managers Limited, in connection with securing a subscription line financing facility from a consortium of leading global financial institutions. The facility is a first of its kind in the Indian funds and private credit space.    The Touchstone Partners team advising on the transaction included Sameeksha Chowla, Ravleen Chhabra and Akshay Purandare. https://lnkd.in/g_ng2AFF #touchstonepartners #financing #privatecredit #KotakAlts #AIF #GIFTCity #IFSC

We are delighted to have advised TPG NewQuest (TPG NQ) on its investment in Citykart Ventures Private Limited (Citykart). In its latest funding round led by TPG NQ, Citykart has raised a total of INR 538 crores. The investment round comprised both, primary and secondary transactions (with participation from A91 Partners, alongside TPG NQ). As part of the secondary transaction, InvestCorp has made a full exit, while India SME Investments continues to hold a minority stake. Citykart is a value fashion retailer offering affordable apparel and lifestyle products, primarily catering to consumers in Tier 2, 3, and 4 cities across India. This fundraise is among the largest private equity investments in the value retail segment. The Touchstone Partners team advising on the transaction included Pranay Bagdi, Kunal Gopal, Divya Shrivastava, Eeshan Krishnatria, and Shreya Srivastava. https://lnkd.in/gqCGyNCN #touchstonepartners #citykart #valueretail #privateequity #fashionretail

We are delighted to have advised Premier Energies Limited, one of India’s leading integrated solar cell and module manufacturers, on two strategic joint ventures: (i) a 74:26 JV with Sino-American Silicon Products Inc., a global leader in semiconductor silicon wafers, to establish a state-of-the-art solar wafer plant in India; and (ii) a 80:20 JV with Nuevosol Energy Private Limited - a key player in solar mounting solutions, to set up a premium aluminium frame extrusion plant.   The Touchstone team advising on the transaction included Uday Walia, Yashita Sharma and Antara Deshpande. https://lnkd.in/eHte_PyE #touchstonepartners #renewableenergy #solarwafers #solarenergy #jointventure