Jasper Infotech is selling its subsidiary Freecharge to public lender Axis Bank in an all cash deal, which can range between Rs. 380-400 crore..J. Sagar Associates is advising Jasper Infotech with a team led by Partner Sidharrth Shankar..Cyril Amarchand Mangaldas is representing Axis Bank with a team led by Partner Indranath Bishnu..The deal will provide some cash flow for Snapdeal, which is still in talks with Flipkart to conclude an all stock sale. The Freecharge deal may change the contours of the Flipkart-Snapdeal sale, reported moneycontrol..Both JSA and Cyril Amarchand Partners were not available for comment.
Jasper Infotech is selling its subsidiary Freecharge to public lender Axis Bank in an all cash deal, which can range between Rs. 380-400 crore..J. Sagar Associates is advising Jasper Infotech with a team led by Partner Sidharrth Shankar..Cyril Amarchand Mangaldas is representing Axis Bank with a team led by Partner Indranath Bishnu..The deal will provide some cash flow for Snapdeal, which is still in talks with Flipkart to conclude an all stock sale. The Freecharge deal may change the contours of the Flipkart-Snapdeal sale, reported moneycontrol..Both JSA and Cyril Amarchand Partners were not available for comment.
