Shardul Amarchand Mangaldas & Co And Cyril Amarchand Mangaldas Advised On ITC Infotech's ₹485 Cr Acquisition Of Blazeclan Technologies
Shardul Amarchand Mangaldas & Co And Cyril Amarchand Mangaldas Advised On ITC Infotech's ₹485 Cr Acquisition Of Blazeclan Technologies
Shardul Amarchand Mangaldas & Co advised ITC Infotech India Limited, a wholly owned subsidiary of ITC Limited, on its acquisition of a 100% stake in Blazeclan Technologies Private Limited and its subsidiaries for ₹485 Cr.
The transaction team from Shardul Amarchand Mangaldas & Co was led by Partners Rudra Kumar Pandey and Rohan Jain, along with Principal Associate Kshitij Arora and Associates Shruti Jaju, Shrutika Lakhotia, and Anushri Joshi.
Rohan Jain also led the due diligence team, which included Partner Kriti Kaushik, Principal Associate Kshitij Arora, and Associates Shruti Jaju, Shrutika Lakhotia, Manav Mehra, and Sanskriti Nigam.
The tax team was led by Counsel Rahul Yadav and Senior Associate Nimish Malpani.
The competition team was headed by Partner Yaman Verma, with Principal Associate Atreyee Sarkar and Associate Apurv Jain.
Partner Hemant Krishna advised on technology laws related aspects and Gopalkrishna Hegde, Consultant provided his inputs on FEMA-related matters of the transaction.
HFW Australia, Altius, and Bird & Bird acted as foreign counsel for ITC Infotech concerning the acquisition of stakes in Blazeclan’s Australian, Belgian, and Singapore subsidiaries, respectively.
Cyril Amarchand Mangaldas, along with foreign Counsels Dentons (Singapore), Shape Law (Belgium), and Damin Murdock (Australia), served as legal advisors to Blazeclan Technologies Private Limited.
