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The acquisition brings together two established investment management platforms with complementary synergies. As part of the transaction, Mr. Samit Vartak will be appointed as Chief Investment Officer — Equities at ASK IM for the combined business.
The transaction values Lynks at INR 500 crores and is expected to strengthen Udaan’s presence across key consumption markets in India.
The transaction results in a 100% acquisition of TAO Digital Solutions Inc., an US company which specializes in AI, data and cloud technologies, delivering solutions across a range of industry verticals.
The transaction is subject to regulatory approvals and shareholder and creditor approvals will be sought for the amalgamation.
The Competition Commission of India (CCI) has approved the acquisition of 100% shareholding of Royal Challengers Sports Private Limited, the parent company of Royal Challengers Bengaluru, by a consortium comprising entities of the Aditya Birla Group, Times Group, ICONIQ Group, Blackstone-backed funds and other investors.
CAM acted as legal counsel to JSW Steel Limited (“Client”) in relation to the acquisition of entire shareholding of Saffron Resources Private Limited. Saffron holds lands admeasuring about 887 acres in Dhenkanal District, Odisha.
Cyril Amarchand Mangaldas acted as the legal counsel for SkyPower Group of entities
JSA advised ELIQUENT Life Sciences and GHO Capital on its 100% acquisition of Truliant Consulting Private Limited