Mitsui acquires minority stake in Suvidhaa Trilegal and Amarchand advise

Bar & Bench November 16 2011

Mitsui and Co. of Japan has acquired a minority stake in Mumbai-based services commerce firm, Suvidhaa Infoserve for $12 million (Rs. 60 crore).

 

Trilegal advised Mitsui with a team led by Partner Charandeep Kaur along with Counsel Sameer Guha, Senior Associate Rachika A. Sahay and Associate Mahima Ahluwalia Sinha.

 

The Bangalore office of Amarchand Mangaldas advised Suvidhaa with a team led by Partner Reeba Chacko.

 

The monies raised will be used to enhance its technology platform, broaden its portfolio of consumer service offerings and aggressively expand its market presence in neighbourhood stores pan India, reports

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