Vaish Associates acted as the legal counsels for Lilac Insights Private Limited (Investee Company) and its promoters

We are pleased to announce that Lilac Insights Private Limited (Lilac) and its promoters have entered into definitive agreements with Tara Investment Fund IV Trust managed by IL&FS Investment Managers Limited for investing in Lilac by subscribing to equity and convertible preference shares of Lilac, in multiple tranches. The first tranche of the investment was completed on June 15, 2017.

Vaish Associates acted as the legal counsels for Lilac Insights Private Limited (Investee Company) and its promoters. Vaish Associates advised the promoters on all aspects relating to the investment in Lilac Insights Private Limited by Tara Investment Fund IV Trust managed by IL & FS, which involved drafting, negotiating and finalizing of definitive agreements-the securities subscription agreement, shareholders agreement, disclosure letter and escrow agreement.

Lilac Insights Private Limited is engaged in carrying on the business of provider of evidence based genetic services with a special focus in the area of maternal and fetal Health, newborn health and oncology. For more information, please visit: http://lilacinsights.in/

Tara India Fund III, a US$ 225 million Fund sponsored by IL&FS Investment Managers Limited (IIML), is a continuation of IIML's strategy of providing capital to middle-market companies to Fund their growth plans. Tara India Fund III, which closed in 2008, builds on the successful growth capital investment strategy of its predecessor Funds – the AIG India Sectoral Equity Fund and the Leverage India Fund. 

For more information, please visit: http://www.ilfsinvestmentmanagers.com/active_TARA.aspx