Anti-Dilution
Broad-based / narrow-based / full-ratchet protection clauses.
Coverage: 70%
Coverage meters across the six pillars BLH negotiates in SHA / SSA / SPA for NBFC investors.
Broad-based / narrow-based / full-ratchet protection clauses.
Exit waterfall, drag-along, tag-along, ROFR / ROFO protections.
Quarterly MIS, board observation, audit access, inspection.
Affirmative vote items: borrowings, M&A, ESOP, related-party.
1x non-participating / participating preference with caps.
Indemnity caps, escrow holdback, basket and de-minimis.