JSA advises Ixigo on majority stake acquisition in IRCTC e-catering company Zoop

Ixigo (Le Travenues Technology Limited is set to acquire 51% shareholding in Zoop Web Services Private Limited, an authorized IRCTC e-catering partner engaged in providing food delivery services on trains, through a combination of primary and secondary share purchases.

The acquisition is subject to fulfillment of conditions precedent and Ixigo may acquire additional stake in Zoop subject to fulfilment of certain milestones under the definitive agreement.

JSA advised Ixigo as the buy-side counsel and assisted in conducting due diligence on Zoop, drafting and finalising the definitive documents and ancillary agreements.

The transaction team consisted of Archana Tewary (Partner), Savio Tom (Senior Associate), Naveen Kumar (Associate) and Ajith Kidambi (Associate). 

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.