Cyril Amarchand Mangaldas and S&R Associates have advised on the sale of approximately 8.6 million equity shares of One97 Communications Limited (Paytm) by funds managed by Elevation Capital.
The transaction was executed on the screen-based trading platforms of the NSE and BSE for an aggregate consideration of approximately INR 9.64 billion.
Cyril Amarchand Mangaldas advised Elevation Capital V Limited and its affiliates in connection with the sale of shares in One97 Communications.
The CAM team was led by Partner Ravi Dubey, with support from Senior Associate Adwait Deshmukh and Associate Khushi Parekh.
S&R Associates represented Citigroup, which acted as broker on the transaction.
The S&R team was led by Partner Jabarati Chandra and included Associate Dhaval Sheth.
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