AZB & Partners represented InCred Techinvest Private Limited in its proposed acquisition of ~76% stake in South Asian Stocks Limited (Stocko) for a consideration amount of ~INR 175 crore.
This acquisition marks InCred group’s entry into the retail discount broking space.
The transaction team comprised Senior Partner Anand Shah, Partner Harshil Dalal, Senior Associates Anmol Jain and Vartika Sharma, and Associate Isana Laisram.
The due diligence team comprised Senior Partner Rushabh Maniar, Partners Nandan Pendsey, Esq. and Ajay Singh Solanki, Senior Associates Riddhi Tulshian and Sayantani Saha, Associates Utkarsh Mehrotra, Shivangi Pradhan, Vibhor Agarwal, Varnika Agarwal, Mayukh Mandal, Anargya I Ashok, Labdhi Golechha, Yashashwini Santuka and Akshat Bhushan.
Competition law aspects were led by Senior Partner Bharat V Budholia and Partner Kirthi Srinivas.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.