{"id":297189,"date":"2023-07-19T13:00:10","date_gmt":"2023-07-19T07:30:10","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=297189"},"modified":"2023-07-19T12:23:33","modified_gmt":"2023-07-19T06:53:33","slug":"dsk-legal-advises-appcino-technologies-private-limited-in-relation-to-sale-and-purchase-of-the-promoter-groups-equity-shares","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/19\/dsk-legal-advises-appcino-technologies-private-limited-in-relation-to-sale-and-purchase-of-the-promoter-groups-equity-shares\/","title":{"rendered":"DSK Legal advises Appcino Technologies Private Limited in relation to sale and purchase of the Promoter Group\u2019s equity shares"},"content":{"rendered":"
\n

DSK Legal represented and advised Appcino Technologies Private Limited (“Company<\/span>”) and its Promoter Group in relation to the sale and purchase of the Promoter Group’s equity shares culminating to 100% acquisition of the Company by Xebia India Holding B.V. (“Acquirer<\/span>”), based in the Netherlands.<\/p>\n

The Company is a software consulting and development company engaged in the business of using the Appian and Salesforce platforms to offer IT services as well as a set of reusable functionalities, accelerators, and ready to use solutions.<\/p>\n

DSK Legal assisted the Company and the Promoter Group in structuring, negotiating, and finalizing the Indian leg of the transaction which pertained to the acquisition of the Company, as well as the international leg of the transaction which pertained to the subscription of securities by the Promoter Group of [Xebia Topco B.V.] i.e.<\/i>, the parent company of the Acquirer, thus, resulting in the complete assimilation of the Company and the Promoter Group with the Xebia Group. Notification of the new regime governing overseas direct investment served as a key consideration while structuring and advising on the transaction.<\/p>\n

The DSK Legal team on the matter comprised of Rishi Anand<\/span> (Partner), Chirag Jain<\/span> (Principal Associate), Snigdha Prakash<\/span> (Senior Associate), and Shreya Singh<\/span> (Senior Associate).<\/p>\n

The Xebia Group was advised by Shardul Amarchand Mangaldas & Co.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

DSK Legal represented and advised Appcino Technologies Private Limited (“Company”) and its Promoter Group in relation to the sale and purchase of <\/p>\n","protected":false},"author":8808,"featured_media":297201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[47622,59464,58238,59463,59465,59466,59467],"class_list":["post-297189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-acquirer","tag-appcino-technologies-private-limited","tag-dsk-legal","tag-promoter-groups","tag-rishi-anand","tag-salesforce-platforms","tag-xebia-india"],"yoast_head":"\nDSK Legal advises Appcino Technologies Private Limited in relation to sale and purchase of the Promoter Group\u2019s equity shares | SCC Times<\/title>\n<meta name=\"description\" content=\"DSK Legal represented and 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An application seeking exemption from the applicability of, Regulations 3, 4 and 5 of the Securities\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":290915,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/04\/29\/dsk-legal-advises-excel-controlinkage-private-limited-in-relation-to-sale-of-their-100-shareholding-in-excel-to-greaves-cotton-limited-gcl\/","url_meta":{"origin":297189,"position":1},"title":"DSK Legal advises Excel Controlinkage Private Limited in relation to sale of their 100% shareholding in Excel to Greaves Cotton Limited (GCL)","author":"Bhumika Indulia","date":"April 29, 2023","format":false,"excerpt":"TRANSACTION SUMMARY DSK Legal advised Excel Controlinkage Private Limited (Excel) and its Promoters in relation to sale of their 100% shareholding in Excel to Greaves Cotton Limited (GCL) in four tranches. The first tranche will comprise of sale of 60% shareholding in Excel. The deal value is approximately INR 385,00,00,000\/-\u2026","rel":"","context":"In "Law Firms News"","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"greaves cotton limited","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/greaves-cotton-limited.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/greaves-cotton-limited.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/greaves-cotton-limited.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/greaves-cotton-limited.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":277701,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/11\/18\/khaitan-co-acts-as-legal-counsel-to-the-company-and-promoter-selling-shareholders-as-to-indian-law-on-the-initial-public-offering-of-equity-shares-of-bikaji-foods-international-limited\/","url_meta":{"origin":297189,"position":2},"title":"Khaitan & Co acts as legal counsel to the Company and promoter selling shareholders as to Indian Law on the initial public offering of equity shares of Bikaji Foods International Limited","author":"Bhumika Indulia","date":"November 18, 2022","format":false,"excerpt":"\u00a0 \u00a0 DEAL DETAILS Bikaji Foods International Limited | Initial Public Offering NO HEADINGS DETAILS 1.\u00a0 Sector Consumer \/ FMCG : Food and Beverage 2.\u00a0 Announcement Date 16-Nov-2022 3.\u00a0 Completion Date 16-Nov-2022 4.\u00a0 Name of Client Bikaji Foods International Limited 5.\u00a0 Deal Description Initial public offering of equity shares of\u2026","rel":"","context":"In "Law Firms News"","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-260-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-260-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-260-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-260-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-260-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":213040,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/04\/01\/sebi-public-announcement-of-open-offer-exempted-where-share-acquisition-is-a-non-commercial-transaction-and-part-of-a-private-family-arrangement\/","url_meta":{"origin":297189,"position":3},"title":"SEBI | Public announcement of open offer exempted where share acquisition is a non-commercial transaction and part of a private family arrangement","author":"Bhumika Indulia","date":"April 1, 2019","format":false,"excerpt":"Securities and Exchange Board of India (SEBI): The Board comprising G. Mahalingam as Whole Time Member, granted an exemption to a family trust from public announcement of an open offer for acquiring shares of one of its companies. Supriyajith Family Trust (Acquirer) filed an application under Regulation 11(1) the Securities\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":257596,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/23\/sebi-exception-granted-for-gifting-shares-in-an-acquisition-proposed-acquirer-to-file-report-within-21-days-post-acquisition\/","url_meta":{"origin":297189,"position":4},"title":"SEBI | Exception granted for gifting shares in an acquisition| Proposed acquirer to file report within 21 days post-acquisition","author":"Editor","date":"November 23, 2021","format":false,"excerpt":"Securities and Exchange Board of India (SEBI): S.K. Mohanty, Whole Time Member, while deciding an order, granted exemption to the Anived Family Trust (Proposed Acquirer) from complying with the requirements of Regulation 3(2) of the Takeover Regulations, 2011 with respect to the proposed direct acquisition in the, Renaissance Global Limited\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":289950,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/04\/18\/dsk-legal-advises-srl-limited-in-relation-to-acquisition-of-the-business-of-m-s-lifeline-laboratories\/","url_meta":{"origin":297189,"position":5},"title":"DSK Legal advises SRL Limited in relation to acquisition of M\/s Lifeline Laboratories","author":"Bhumika Indulia","date":"April 18, 2023","format":false,"excerpt":"DSK Legal advised SRL Limited, a subsidiary of Fortis Healthcare Limited, in relation to acquisition of the business of M\/s Lifeline Laboratories (\u201cTarget\u201d), to expand SRL\u2019s footprint in Delhi NCR region in the diagnostic services domain. The Target is engaged in the business of providing diagnostic services with its operations\u2026","rel":"","context":"In "Law Firms News"","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/dsk-legal-advises-srl-limited-in-relation-to-acquisition-of-the-business-of-ms-lifeline-laboratories.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/dsk-legal-advises-srl-limited-in-relation-to-acquisition-of-the-business-of-ms-lifeline-laboratories.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/dsk-legal-advises-srl-limited-in-relation-to-acquisition-of-the-business-of-ms-lifeline-laboratories.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/dsk-legal-advises-srl-limited-in-relation-to-acquisition-of-the-business-of-ms-lifeline-laboratories.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/297189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=297189"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/297189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/297201"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=297189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=297189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=297189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}