HSA Advocates advised Findi Australia’s subsidiary- Transaction Solutions International (India) Pvt Ltd, on the execution of binding agreement in connection with acquisition of 100% share capital of BankIT Services Private Limited.

HSA team represented Transaction Solutions International (India) Private Limited (TSIL), a subsidiary of Findi Limited (Findi), an Australian listed digital payments and financial services provider (ASX: FND), on acquisition of the entire share capital of BankIT Services Private Limited (BankIT). The deal is valued at over INR 160 Crores (AUD 30 Million/ USD 19 Million approx.).

BankIT provides banking and financial services (including, AePS, DMT, CMS, bill payments via Bharat Connect, pre-paid cards etc.) through merchant points.

The HSA team consisted of Partners Pragya Ohri, Soumya De Mallik (Partner); Principal Associate Prithviraj Chauhan and Associate Meghana R, who advised on the transaction structure and documentation.

Principal Associates Prithviraj Chauhan and Kanika Kumar along with Senior Associate Aditi Soni, Associates Meghana R, Debraj Ghosh and Kaif Khan assisted with the legal due diligence on the target and the business.

Source: HSA Advocates’ LinkedIn Page