{"id":302708,"date":"2023-09-30T14:00:14","date_gmt":"2023-09-30T08:30:14","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=302708"},"modified":"2023-09-30T13:28:12","modified_gmt":"2023-09-30T07:58:12","slug":"khaitan-co-acts-as-legal-counsel-to-saregama-india-ltd-for-acquisition-of-majority-stake-in-pocket-aces-pictures","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/30\/khaitan-co-acts-as-legal-counsel-to-saregama-india-ltd-for-acquisition-of-majority-stake-in-pocket-aces-pictures\/","title":{"rendered":"Khaitan &amp; Co acts as legal counsel to Saregama India Ltd for Acquisition of majority stake in Pocket Aces Pictures"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%; font-weight: bold; font-size: 14pt; text-align: center;\">DEAL DETAILS<\/p>\n<p style=\"margin-bottom: 3%; font-weight: bold;\">Saregama India Ltd | Acquisition of majority stake in Pocket Aces Pictures<\/p>\n<p style=\"margin-bottom: 3%;\">Advised Saregama India Ltd in relation to acquisition of controlling stake in Pocket Aces Pictures Private Limited, through a mix of primary and secondary acquisition. Saregama India Limited will acquire upto 92.61% of the share capital of Pocket Aces (on a fully diluted basis), through multiple tranches.<\/p>\n<p style=\"margin-bottom: 3%;\">The core transaction team consisted of Ashraya Rao (Partner), Unnita Bhattacharya (Principal Associate), Utsav Mitra (Associate), and Priyal Reddy (Associate) with assistance from Bhavya Bhankharia (Principal Associate) and Alankrita Singh (Associate). Sudhir Bassi (Executive Director) assisted on Securities Law aspects.<\/p>\n<p style=\"margin-bottom: 3%;\">Diligence team comprised of the following:<\/p>\n<p style=\"margin-bottom: 3%;\">Corporate: Akhil Wilson Thomas (Associate), Alankrita Singh (Associate)<\/p>\n<p style=\"margin-bottom: 3%;\">Intellectual Property: Smriti Yadav (Partner), Reshma Vaidye Gupta (Principal Associate), Shubham Shende (Associate)<\/p>\n<p style=\"margin-bottom: 3%;\">Employment Law aspects: Anshul Prakash (Partner), Abhishek Choudhury (Principal Associate) and Shreya Sukhtankar (Associate).<\/p>\n<p style=\"margin-bottom: 3%;\">The Khaitan team was involved in the following: (i) acting as legal counsel to the Client for the overall transaction (including negotiating, drafting and reviewing the term sheet and definitive agreements); (ii) undertaking legal due diligence on the target; (iii) assisting with execution of the transaction documents.<\/p>\n<p style=\"font-weight: bold;\">Innovative feature:<\/p>\n<p style=\"margin-bottom: 3%;\">Acquisition of controlling stake through purchase of a mix of equity and preference shares from multiple venture capital investors and founders.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DEAL DETAILS Saregama India Ltd | Acquisition of majority stake in Pocket Aces Pictures Advised Saregama India Ltd in relation to acquisition <\/p>\n","protected":false},"author":8808,"featured_media":302718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[61476,6791,27714,61475,61474],"class_list":["post-302708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-acquisition-of-majority","tag-khaitan-co","tag-legal-counsel","tag-pocket-aces-pictures","tag-saregama-india-ltd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Khaitan &amp; 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The team assisted in diligence, structuring, drafting, negotiation, execution and closing of definitive agreements. The core team consisted of Akshay Malhotra (Partner), Gahan Singh (Partner), Ishita Gupta (Senior Associate),\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Inox Green Energy","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":263309,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/08\/khaitan-co-spearheaded-and-assisted-crompton-greaves-consumer-electricals-ltd-in-acquisition-of-up-to-55-shareholding-of-butterfly-gandhimathi-appliances\/","url_meta":{"origin":302708,"position":3},"title":"Khaitan &#038; Co spearheaded and assisted Crompton Greaves Consumer Electricals Ltd in acquisition of up to 55% shareholding of Butterfly Gandhimathi Appliances","author":"Bhumika Indulia","date":"March 8, 2022","format":false,"excerpt":"Crompton Greaves Consumer Electricals Limited | Acquisition of up to 55% of the shareholding of Butterfly Gandhimathi Appliances \u00a0 NO HEADINGS DETAILS 1. 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Acquirer Details Crompton Greaves Consumer\u2026","rel":"","context":"In &quot;Law Firms News&quot;","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\/03\/MicrosoftTeams-image-67.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-67.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-67.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-67.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-67.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":300899,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/06\/khaitan-co-advises-house-of-kieraya-pvt-ltd-strategic-acquisition-of-35-stake-by-sheela-foam-ltd\/","url_meta":{"origin":302708,"position":4},"title":"Khaitan &amp; Co. advises House of Kieraya Pvt. Ltd. in relation to Strategic acquisition of 35% stake by Sheela Foam Ltd. in House of Kieraya Pvt. 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