Khaitan, Davis & Gilbert and SA Partners lead on Dentsu’s acquisition of Webchutney

Dentsu India Group, a wholly-owned subsidiary of media giant Dentsu Inc, has acquired 80 per cent stake in Webchutney Studio Private Limited (Webchutney), a digital advertising agency. Around 70 per cent of the stake was acquired from Capital18, the venture capital arm of Network18, while 10 per cent was picked up from the existing individual shareholders, reports VCCirlce.