ThinkLaw and CMS INDUSLAW advised on Palmonas’ Rs.40 million Series B fundraise, guiding key legal aspects of the transaction. The fresh capital will help Palmonas expand operations, strengthen brand visibility, and accelerate growth by broadening its product offerings.
CMS INDUSLAW has been appointed as sole Indian legal counsel to Intellius Recode Limited and Inga Ventures Private Limited for the proposed IPO. The mandate includes advising on regulatory, structuring, and compliance aspects of the offering, with Inga Ventures acting as the book running lead manager for the public issue.
CMS IndusLaw has filed a plea in the Delhi High Court questioning the Bar Council of India’s Rules that allow foreign law firms to operate in India, calling them unconstitutional and beyond the Advocates Act. The Court has sought clarity from the BCI on approvals from the CJI and Central government.
