Shardul Amarchand Mangaldas & Co. advises Think & Learn Private Limited ("BYJU'S") to acquire 100% shares of Aakash Educational Services Limited ("Aakash")

Shardul Amarchand Mangaldas & Co. advises Think & Learn Private Limited ("BYJU'S") to acquire 100% shares of Aakash Educational Services Limited ("Aakash")

Shardul Amarchand Mangaldas & Co. advised BYJU'S to acquire 100% shares of Aakash. This deal is valued at approximately USD 1 billion.

The Transaction Team was led by Amit Khansaheb, Partner; Roshan Thomas, Partner; Prateek Lala, Partner; Pranav Raju, Senior Associate; Ritwik Mukherjee, Associate; Rachna Chhabria, Associate; and Aishwarya Ray, Associate.

The Intellectual Property Law Team (on due diligence and documentation) was led by Mukul Baveja, Partner; Leoni Mahanta, Principal Associate; Apoorva Murali, Senior Associate; and Tim Gupta, Associate.

The Litigation and Disputes Team (on due diligence and merger related documentation) was led by Arjun K. Perikal, Partner; and Akshita Alok, Senior Associate. The Competition Law Team was led by Naval Satarawala Chopra, Partner; Aparna Mehra, Partner; Kajori De, Associate; Rahul Shukla, Associate; Kshitij Sharma, Associate; and Ritika Sood, Associate. The Due Diligence Team was led by Roshan Thomas, Partner; Arjun K. Perikal, Partner; Mukul Baveja, Partner; Leoni Mahanta, Principal Associate; Pranav Raju, Senior Associate; Apoorva Murali, Senior Associate; Akshita Alok, Senior Associate; and Rachna Chhabria, Associate.

Ernst & Young advised BYJU'S on investment banking, financial and tax aspects. Khaitan & Co. advised Aakash on legal aspects. Transaction Square LLP advised Aakash on tax aspects. Phoenix Advisers acted as investment bankers to Aakash. Trilegal and KMPG advised the Blackstone Group, an existing shareholder of Aakash, on legal and tax aspects, respectively.