China’s Alibaba Group and affiliate Ant Financial have become the largest shareholders of One97 Communications, the parent of Indian etailer Paytm, by investing $680 million..Trilegal acted as Indian legal counsel for Alibaba Group and affiliate Ant Financial while Simpson Thatcher & Bartlett LLP acted as international legal counsel..The Trilegal team was led by Counsel Rohan Ghosh Roy along Senior Associate Harsh Jain and the Simpson team was led by Partner Katie Sudol and Counsel Ian Ho..Shardul Amarchand Mangaldas acted for Paytm and existing investors with a team led by Delhi Partner Raghubir Menon and the supporting team included Principal Associate Ekta Gupta and Associates Taranjeet Singh and Aritra Roy..The Chinese ecommerce major has directly acquired a 20% stake while Ant Financial’s holding has fallen to a little over 20%. The deal values the Indian online payments and ecommerce firm at about $3.4 billion, reports ET.
China’s Alibaba Group and affiliate Ant Financial have become the largest shareholders of One97 Communications, the parent of Indian etailer Paytm, by investing $680 million..Trilegal acted as Indian legal counsel for Alibaba Group and affiliate Ant Financial while Simpson Thatcher & Bartlett LLP acted as international legal counsel..The Trilegal team was led by Counsel Rohan Ghosh Roy along Senior Associate Harsh Jain and the Simpson team was led by Partner Katie Sudol and Counsel Ian Ho..Shardul Amarchand Mangaldas acted for Paytm and existing investors with a team led by Delhi Partner Raghubir Menon and the supporting team included Principal Associate Ekta Gupta and Associates Taranjeet Singh and Aritra Roy..The Chinese ecommerce major has directly acquired a 20% stake while Ant Financial’s holding has fallen to a little over 20%. The deal values the Indian online payments and ecommerce firm at about $3.4 billion, reports ET.
