Shardul Amarchand Mangaldas Advises Jang Capital on Acquisition of a Minority Stake in Haida Technologies Private Limited

September 06, 2017 11:39 PM IST | By NewsVoir

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Shardul Amarchand Mangaldas & Co. (SAM & Co.) advised Jang Capital LLC on the acquisition of a minority stake in Haida Technologies Private Limited by way of primary share subscription.

The SAM & Co. team was involved in structuring of the transaction, drafting, reviewing, negotiating and finalisation of the investment agreement and other transaction documents. The Firm also provided assistance with all closing formalities in relation to the transaction.

The transaction involved an early stage investment into Haida Technologies. The conversion of the compulsorily convertible preference shares of Haida Technologies issued in lieu of the investment is linked to the valuation to be assigned to the target company in the next round of investment.

The Transaction Team at SAM & Co. comprised Abhinav Bhalaik, Counsel Partner, Private Equity and M&A, Faraz Khan, Senior Associate, Private Equity and M&A and Tanvee Vasudevan, Associate, Private Equity and M&A.

The transaction closed on 21 August 2017.

About Shardul Amarchand Mangaldas & Co.

With the legacy of a century, Shardul Amarchand Mangaldas & Co., established in 2015, is one of India's leading law firms rated by international organisations, law directories and professional journals. As a full service law firm, Shardul Amarchand Mangaldas is renowned in the business community for its ability to enable business, its innovative solutions, responsiveness and collaboration with its clients. The Firm continues its journey as "a young and wise firm" in its "Centenary Year of Excellence".

Currently, the Firm has over 510 lawyers, including 91 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.

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Shardul Amarchand Mangaldas Advises Jang Capital on Acquisition of a Minority Stake in Haida Technologies Private Limited

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