LKS acts on IndiaMART acquisition of stake in Live Keeping for ₹45.98 crore

E-commerce company IndiaMART has acquired a majority stake of 51.09% in Live Keeping (Finlite Technologies Private Limited), a mobile application that allows users to access their Tally ERP9 data - for approximately ₹45.98 crore.

Lakshmikumaran and Sridharan (LKS) represented IndiaMART.

The team was led by Kunal Arora (Partner) along with Gunmeher Juneja (Principal Associate) and Pragya Pandey (Associate).

Pooja Vijayvargiya (Joint Partner) led the due diligence team comprising Nayanika Majumdar (Senior Associate), Archit Gupta (Associate) and Pragya Pandey (Associate).

The acquisition is in line with Indiamart’s long-term objective of offering various software as a service based solutions for businesses

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