Deals in brief – May 2019

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Deals in brief, June 2018, India Business Law Journal
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RATAN TATA INVESTS IN OLA

Ratan Tata, the chairman emeritus of Tata Sons, invested an undisclosed amount in Ola Electric as part of its series A round of funding. The company called the investment “a significant endorsement of the company’s approach to developing an electric mobility ecosystem including innovations in charging infrastructure, [battery] swapping models, and market-appropriate products.”

Khaitan & Co advised Ola Electric. The firm was represented by partners Sharad Moudgal and Rishabh Bharadwaj and associate Anurag Singh.

Ola Electric is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments. Tata was an early investor in Ola’s parent company ANI Technologies.

 

GODREJ BUYS RK STUDIOS LAND

Family members of the late movie legend Raj Kapoor sold the iconic RK Studios land in Mumbai’s Chembur area to Godrej Properties, the real estate development company of the Godrej Group. The studio was opened in 1948 and served as the headquarters for Kapoor’s film production company.

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