Japan’s leading Internet and telecom major SoftBank has invested Rs. 9,000 crore ($1.4 billion) in One 97 Communications, which owns mobile payments provider Paytm..The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $7 billion, making it the country’s second most valuable startup, reported ET..Nishith Desai Associates acted for Softbank with a team led by Partner Pratibha Jain along with Tanya Pawha..Morrison and Forester also acted for Softbank for U.S. law related advise..Shardul Amarchand Mangaldas advised One 97 Communications Limited (Paytm) with a team led by Partners – Raghubir Menon and Ekta Gupta along with Associates – Aritra Roy and Srishti Maheshwari..Alibaba and Alipay, the other investors were represented by Trilegal Partner Rohan Ghosh Roy along with Senior Associate Anurag Shrivastav and Associate Anant Prabhuchimulkar.
Japan’s leading Internet and telecom major SoftBank has invested Rs. 9,000 crore ($1.4 billion) in One 97 Communications, which owns mobile payments provider Paytm..The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $7 billion, making it the country’s second most valuable startup, reported ET..Nishith Desai Associates acted for Softbank with a team led by Partner Pratibha Jain along with Tanya Pawha..Morrison and Forester also acted for Softbank for U.S. law related advise..Shardul Amarchand Mangaldas advised One 97 Communications Limited (Paytm) with a team led by Partners – Raghubir Menon and Ekta Gupta along with Associates – Aritra Roy and Srishti Maheshwari..Alibaba and Alipay, the other investors were represented by Trilegal Partner Rohan Ghosh Roy along with Senior Associate Anurag Shrivastav and Associate Anant Prabhuchimulkar.
