Tata Capital Innovations Fund (TCIF), which is a SEBI registered domestic venture capital fund that focuses predominantly on ‘technology led’ innovations for India & beyond, recently acquired significant minority stake in the India subsidiary of Alef Mobitech Inc., namely Alef Mobitech Solutions Private Limited. Alef is a US based group, renowned globally in the telecom industry, as a technology solutions provider to mobile network and content providers. However, the deal is closed and its value has been kept confidential. Quite evidently, the Alef Group is promoted by Ganesh Sundaram, a pioneer in the field of providing solutions for wireless products and secure mobile wireless 3G/4G systems.
DMD Advocates represented Alef Group through a team led by Rashi Dhir, Senior Partner and Head of Corporate, Shivendra Singh – Senior Associate, Isha Shah Kapoor Associate. From the other side, DSK Legal lawyers namely Ajay Shaw, Partner; Salma Curmally Manager, Akanksha Tiwary, Associate were involved.
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