PLANT‑BASED FOOD TECHNOLOGY COMPANY
S. S. Rana & Co. advised a plant‑based food technology company, on a structured early‑stage equity investment by institutional and incubation‑linked investors. The transaction involved a primary investment of approximately USD 0.12 million, structured through the issuance of compulsorily convertible preference shares, with funding linked to clearly defined commercial and operational milestones. The investment was structured in multiple tranches, balancing capital infusion with performance‑based progress, while preserving the founders’ operational control and long‑term growth strategy. S. S. Rana & Co. represented the company and its founders throughout the transaction, advising on the negotiation and execution of the share subscription and shareholders’ agreement, allocation of governance and information rights, milestone‑based funding mechanics, limitation of investor control, founder continuity protections, and exit frameworks aligned with Indian startup norms. The firm also advised on amendments to constitutional documents and compliance with applicable corporate, securities, and startup‑investment regulations under Indian law.
INDIAN EDUCATION‑TECHNOLOGY COMPANY
S. S. Rana & Co. advised the founders of an Indian education‑technology company on a complete exit and transfer of promoter shareholding pursuant to a structured share purchase transaction. The transaction involved the sale of 100 percent of the equity share capital of the company to a strategic acquirer, resulting in a change in control. The deal was structured as a clean founder exit, supported by detailed conditions precedent, closing mechanics, and post‑completion transition obligations, with the transaction value structured at USD 15.4 million. Our role included advising the founders on transaction structuring, negotiating the share purchase agreement, managing conditions precedent and closing deliverables, drafting and negotiating warranty and indemnity frameworks, and advising on non‑compete, non‑solicitation, and founder transition obligations. We also assisted in aligning the transaction with Indian corporate, tax, and regulatory requirements to ensure a smooth and enforceable exit for the founders.
INDIAN TECHNOLOGY AND ELECTRONICS MANUFACTURING COMPANY
S. S. Rana & Co. advised on a structured equity and investment facilitation transaction involving an Indian technology and electronics manufacturing company, aimed at enabling a significant capital infusion and future public market access. The transaction involved the issuance of equity representing a minority stake in the company, structured in phases, with shares held in escrow pending the successful procurement of third‑party investment. The overall transaction size was approximately USD 10.8 million, with the investment framework designed to support long‑term growth, regulatory compliance, and a potential IPO‑oriented exit strategy. Our scope of work included drafting and negotiating the share subscription and holding arrangements, structuring escrow and conditional release mechanisms, advising on equity dilution and governance implications, and ensuring compliance with applicable Indian corporate, securities, and foreign investment laws.
INDIAN TELECOM-ENGINEERING COMPANY
S. S. Rana & Co. advised an Indian telecom-engineering company on structuring and documenting a strategic joint venture aimed at enhancing network capabilities for enterprise clients and expanding into adjacent ICT solutions. Our engagement involved drafting the joint venture agreement, negotiating governance provisions, and ensuring compliance with Indian corporate and foreign investment regulations, while addressing operational and risk allocation issues critical to the success of the alliance.
INDIAN AUTO-COMPONENTS MANUFACTURER
S. S. Rana & Co. acted for an Indian auto-components manufacturer in negotiating a cross-border joint venture with a foreign engineering entity for the manufacture of carbon-canisters used in emission control systems. The JV, constituted with an authorised capital of USD 0.8 Million , required us to structure equity participation, embed minority protection rights, and align the arrangement with FDI norms and sectoral regulations, while balancing commercial objectives of both parties.
MOBILITY TECHNOLOGY COMPANY
S. S. Rana & Co. represented a mobility technology company in the transfer of 50% equity to a strategic investor, a transaction valued at INR 7.5 million. Our role included drafting and finalising the share purchase agreement, facilitating board reconstitution, ensuring compliance with statutory filings, and negotiating representations, warranties, and indemnity provisions to safeguard the client’s interests.
FOOD-TECH VENTURE
S. S. Rana & Co. advised a food-tech venture on a SAFE investment of USD 200,000 at a pre-money valuation of USD 4 million. We structured the investment to secure investor protections, future equity conversion rights, and performance-linked benefits, while ensuring compliance with Indian securities law and aligning the documentation with global best practices for early-stage financing.
SMART – INFRASTRUCTURE TECHNOLOGY COMPANY
S. S. Rana & Co. acted for a shareholder in the staged divestment of equity in a smart-infrastructure technology company, aggregating to USD 0.8 Million across two tranches. The transaction involved drafting definitive agreements, structuring valuation-linked adjustments, embedding business continuity covenants, and negotiating indemnity protections to ensure a smooth and risk-mitigated exit for the client.
S. S. Rana & Co. drafted and negotiated a shareholding agreement for an early-stage industrial venture, formalising a 5% subscription for USD 0.1 Million. Our work included structuring governance rights, drafting affirmative voting provisions, and ensuring enforceability under Indian law, while balancing investor protections with operational flexibility for the promoters.
S. S. Rana & Co. advised on a master franchise arrangement granting UK rights for a leading Indian quick-service restaurant brand. We negotiated operational standards, IP protections, and compliance obligations, ensuring the franchisor’s brand integrity and commercial interests were safeguarded under a robust contractual framework.
S. S. Rana & Co. issued a competition-law compliance opinion for an Indian subsidiary of a global tyre major, reviewing internal communications to mitigate risks of resale price maintenance under the Competition Act, 2002. Our advice included revising language in internal policies, aligning practices with antitrust norms, and implementing compliance safeguards to reduce regulatory exposure.
S. S. Rana & Co. structured a tri-party collaboration for a healthcare initiative in Rajasthan, ensuring legal compliance, governance, and reporting obligations for a project worth USD 0.18 Million. We drafted the collaboration agreement, structured funding flows, and aligned obligations with Indian NGO regulations to ensure transparency and accountability throughout the project lifecycle.
S. S. Rana & Co. advised an automotive castings joint venture on green energy procurement under the Open Access framework and a 26% equity investment in a solar SPV. Our role included drafting the shareholders’ agreement, structuring exit rights, and ensuring compliance with electricity regulations, while balancing commercial objectives and regulatory obligations.
S. S. Rana & Co. vetted a shareholders’ agreement for an Indian subsidiary of a global tyre group to acquire a 26% stake in a captive solar SPV for USD 1.5 Million. We embedded anti-dilution protections, structured exit rights, and ensured compliance with group captive regulations, providing a legally sound framework for the client’s renewable energy investment.
S. S. Rana & Co. negotiated an India-wide area development and master licence for an international casual-dining brand, securing exclusivity, IP protections, and development milestones for a deal worth USD 1.4 million. Our engagement involved balancing brand standards with local operational realities and embedding robust termination and compliance provisions.
S. S. Rana & Co. advised and assisted a leading global transformer manufacturer in structuring and drafting a joint venture arrangement with its Indian counterpart for participation in the UPMRCL rail project. The Indian entity sought to become eligible as a subcontractor in the project by leveraging the technical experience and credentials of its Australian partner. The firm provided end-to-end legal support including consultation, negotiation strategy, and drafting of the LLP Agreement to formalise the collaboration.