Ant Financial Services Group, China’s leading online financial services company and owner of AliPay, is acquiring 25% stake in One97 Communications. One97 runs the mobile payment and commerce platform Paytm..Trilegal acted as domestic legal counsel for Ant Financial while Simpson Thacher Bartlett acted as International counsel..The Trilegal team was led by Partner Nishant Parikh along with Counsel Rohan Ghosh Roy and Associates Gaurav Dugar, Sanchit Agarwal, Anubhab Dasgupta and Sibani Saxena..The Simpson Thacher Bartlett team included Partner Kathryn Sudol, Counsel Ian Ho, and Associate Sandra Kister..Amarchand Mangaldas advised One97 Communications with a team led by Delhi Partner Raghubir Menon along eith Ekta Gupta and Aritra Roy..This is Ant Financial’s first investment in India. Paytm will use the funds to grow its mobile payment ecosystem and boost its commerce user base, reports Mint.
Ant Financial Services Group, China’s leading online financial services company and owner of AliPay, is acquiring 25% stake in One97 Communications. One97 runs the mobile payment and commerce platform Paytm..Trilegal acted as domestic legal counsel for Ant Financial while Simpson Thacher Bartlett acted as International counsel..The Trilegal team was led by Partner Nishant Parikh along with Counsel Rohan Ghosh Roy and Associates Gaurav Dugar, Sanchit Agarwal, Anubhab Dasgupta and Sibani Saxena..The Simpson Thacher Bartlett team included Partner Kathryn Sudol, Counsel Ian Ho, and Associate Sandra Kister..Amarchand Mangaldas advised One97 Communications with a team led by Delhi Partner Raghubir Menon along eith Ekta Gupta and Aritra Roy..This is Ant Financial’s first investment in India. Paytm will use the funds to grow its mobile payment ecosystem and boost its commerce user base, reports Mint.