Radhamani Textiles Private Limited, helmed by the Poddar family, has secured significant investment from A91 Emerging Fund II LLP, with Khaitan & Co providing expert legal guidance throughout the process. This major investment will be executed in two stages, combining both secondary acquisition from existing shareholders and the subscription to new shares.
The legal dream team from Khaitan & Co comprised Purti Minawala (Partner), Aman Anand (Principal Associate), Shruti Kunisetty (Associate), and Shravan Subramanian (Associate). They were further bolstered by Deepak Kumar (Partner) and Archika Dudhwewala (Senior Associate) who lent their expertise in Employment and Labour laws.
This strategic move marks the first capital infusion for the family-operated company, established in 2008. Alongside A91, notable investors include Nikhil Kamath (M/s NKSquared and Gruhas Proptech LLP) and the family office of Mr. Ravi Modi, founder of Vedant Fashion / Manyavar.
