Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Inventurus Knowledge Solutions Limited (“IKS”) in relation to its acquisition of 100% shareholding in Arai Solutions Private Limited (“Arai Solutions”), an AI-focused healthcare technology company, from its founders. The transaction was valued at approximately INR 11 crore (USD 1.15 million).
The acquisition is aimed at strengthening IKS’ AI-led healthcare infrastructure and accelerating its applied research and development capabilities in care management workflows and software solutions. Following the transaction, Arai Solutions has become a wholly owned subsidiary of IKS.
The SAM team was led by Devesh Pandey, Partner, with support from Kuhuk Jain, Principal Associate; Anushka Ganguli, Senior Associate; and Sourav Paul, Associate.
Apoorva Murali, Partner, and Anshika Chadha, Associate, advised on intellectual property-related aspects.
The due diligence team comprised Devesh Pandey, Partner; Apoorva Murali, Partner; Puneeth Nagaraj, Partner; Kuhuk Jain, Principal Associate; Anushka Ganguli, Senior Associate; Anshika Chadha, Associate; Sourav Paul, Associate; and Sundar L., Associate.
