JSA, CAM on $60m Axis buy of Snapdeal's Freecharge

Friday, 28 July 2017 By Legally India Corporate M&A

“Axis Bank Ltd on Thursday announced the acquisition of Snapdeal-owned mobile wallet FreeCharge in a Rs385 crore all-cash deal, strengthening its position in the payments space,” reported Mint.

J Sagar Associates (JSA) partner Sidharrth Shankar, principal associate Prakriti Jaiswal and senior associate CV Srikant acted for Snapdeal’s parent company Jasper Infotech.

Cyril Amarchand Mangaldas Mumbai partners Yash J. Ashar, Indranath Bishnu, Shruti Rajan Anshuman Sakle and Bharat Budholia, Bangalore partner Rashmi Pradeep and Delhi partners SR Patnaik and Mekhla Anand acted for Axis.

J Sagar Associates (JSA)Cyril Amarchand Mangaldas

Comments

congrats 28 Jul 2017, 12:06
+11 -0
8 partners from CAM were involved! must be a very complex deal

Congratulations to the entire team, including any associates who may have worked on the project
Guest 1 Aug 2017, 10:02
+0 -0
Please note, CAM had 8 partners across 3 cities
MPO 1 Aug 2017, 10:15
+3 -1
Probably JSA got its staffing wrong on this deal. either didnt report other support partners or didnt involve them at all. Or Sidharrth must have himself handled merger control, labor law, regulatory, M&A, tax, IP, TSG, or just piggyback-ed on CAM to save costs for his client ..so many possibilities..
No 30 Jul 2017, 15:05
+2 -1
No induslaw for jasper??
Lawyer123456 31 Jul 2017, 07:13
+3 -0
Indus was out of Jasper long back!
Insider 2 Aug 2017, 11:35
+2 -0
This happens when companies start to view legal service as a mere commodity and look for the cheapest in the market!!
Guest 30 Jul 2017, 16:54
+1 -0
Please report this: Telengana CM has given NALSAR 22 acres of land but asked for 50% Telangana quota

http://www.thehindu.com/news/cities/Hyderabad/government-to-allot-22-acres-to-nalsar-university/article19387897.ece
JSA rocks 30 Jul 2017, 19:21
+4 -3
Axis had to hire 8 partners (and must be at least 16 associates) against one Sidharrth! Way to go, kudos to JSA . Keep going
Lawyer123456 31 Jul 2017, 07:15
+1 -0
LOl!
Aspiring partner 31 Jul 2017, 06:14
+1 -0
Kian : what's the basis of reporting individual lawyer names? Is there a minimum cut off, say time spent on the deal? Looks a bit absurd one firm having 8 partners, the other just 1

Also, why do (and on what basis) some firms report non-partner names in deal reports and some don't? Does this impact individual deal credits?
#OnlyIf 31 Jul 2017, 11:50
+0 -1
Only if LI took the trouble of giving each partners role in the deal ! But sigh its just easier to box them. Roll the news out, captain ;-)
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