An investor came forward to invest 5 cr with 51% stake and asked to achieve projected turnover of 38 crores in 1stvyear towards infra or tech or sales, if achieve will invest further else he gives 12% back this hold 39% . Inor fresh , is it viable 4 year old traditional fish trader with tech support.
If viable, the legal aspects of share holding agreement, as there are 2 directors, authorised capital 10 lakhs and paid up capital is 1 lakh. last year unaudited turnover is 1.82 crore.
Termsheet called for management wanted to give 3 options, 1. 10% dividend for 3 years 2. returning 10 crores with 12% interest 3. giving 51% stake and sourcing other funds upt 10 cr ( banks,instituitions)
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