JSA, SAM, Ropes lead on Baring PE acquisition of NIIT Tech for 2,627 crores

Bar & Bench April 9 2019

Baring Private Equity Asia (BPEA) is buying about 30% stake in mid-sized IT services firm NIIT Technologies from NIIT Ltd and other promoter entities for about ₹2,627 crore and make an open offer thereafter to increase it stake up to 56% for total consideration ₹4,890 crore.

J. Sagar Associates acted for BPEA and the team was led by Partners Vikram Raghani and Anand Lakra, along with Senior Associate Abhilash Chandran, Associates Ami Shah, Khamir Kamdar, Parshva Doshi and Urmika Agarwal . . .

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