LKS, Singhania act on IndiaMart 26% stake in Realbooks for ₹13.75 crore

IndiaMART Intermesh Limited has acquired a 26% stake for ₹13.75 crore in Adansa Solutions Private Limited, which operates ‘Realbooks’, a cloud-based accounting software product for businesses through its wholly-owned subsidiary Tradezeal Online Private Limited.

Lakshmikumaran & Sridharan 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 of Nayanika Majumdar (Senior Associate), Archit Gupta (Associate), Pragya Pandey (Associate).

Singhania & Co. advised Realbooks.

This investment will enable IndiaMart achieve its long-term objective of offering various Software as a Service (‘SAAS’) based solutions for businesses.

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