Equity capital market lawyers that Mint spoke to said that pitch deck reviews that previously focused on basic compliance, corporate history and capital structures are now structured as forensic-style investigations, which end up taking more time. “Promoters are insisting on exhaustive verification across promoter and promoter group identification, material subsidiaries/joint ventures/group companies, financial indebtedness and related party transactions,” said Kunal Sharma, managing partner at TARAksh Lawyers and Consultants.
