Shardul Amarchand Mangaldas advised Times Internet Limited on the sale of its "DineOut" platform to Swiggy
Shardul Amarchand Mangaldas advised Times Internet Limited on the sale of its "DineOut" platform to Swiggy
Shardul Amarchand Mangaldas & Co. advised Times Internet Limited on the sale of its "DineOut" platform, being India's leading dining out and restaurant tech platform, to Swiggy, for an all-stock deal at an undisclosed value. The date of signing of definitive agreements was 12 May, 2022.
TIL was advised by Shardul Amarchand Mangaldas & Co. and its General Counsel Mr. Sahil Vohra.
The transaction team of Shardul Amarchand Mangaldas & Co was led by Nikhil Sachdeva, Partner; Abhishek Dubey, Partner; Mayank Malhotra, Senior Associate; Shatakshi Gupta, Associate; and Kriti Chatrath, Associate. The competition law team was led by Aparna Mehra, Partner; Rahul Rajiv Shukla, Senior Associate and Ritesh Puri, Associate.
AZB & Partners advised Swiggy and the team was led by Atreya Bhattacharya, Partner and Vyjayanthi Raghu, Associate.
The transaction marks Swiggy's foray into the high-use dining out category.
