Cyril Amarchand Mangaldas (“CAM“) advised AMI Paradigm Solutions Private Limited (“AMI Paradigm“) in the acquisition by AMI Paradigm of the Smart World and Communication Business Unit (“Business“) of L&T Technology Services Limited (“LTTS“) in a slump sale, for a purchase consideration of ₹452.50 crores. AMI Paradigm is engaged in the business of delivering large-scale government technology systems across India and international markets, and LTTS is a leading global engineering research and development (ER&D) services provider, specializing in digital engineering, AI, and software solutions.
Santosh Janakiram, Senior Partner; provided strategic inputs on the transaction.
The transaction team was led by Arun Prabhu, Partner – (Co-Head – Digital | TMT); and Edward James, Partner; with support from Apoorva Sundar, Principal Associate; Vedantha Sai, Senior Associate; Vasundhara Majithia, Consultant; Julia Joseph and Divyashri Sivaramakrishnan, Associates.
Bishen Jeswant, Partner; with support from Faiza Khan, Principal Associate; and Nilavan S, Associates; advised on employment related aspects.
Edward James, Partner; with support from Aashish Dafaria, Principal Associate; Vedantha Sai, Senior Associate; and Mansi Sethiya, Associate; advised on the general corporate and dispute resolution related aspects.