Olam Group Limited has sold off its entire (100%) shareholding in Mindsprint Pte. Ltd. to Wipro Networks Pte. Ltd., a subsidiary of Wipro Limited for $375 million.
Trilegal acted as the lead transaction counsel for the Olam Group and was involved in negotiating and finalising the Share Purchase Agreement and all ancillary transaction documents. The Frim also assisted the Group in awarding an eight-year strategic transformation deal to Wipro with a committed annual spend of $100 million.
The transaction team was led by Abhishek Guha (Partner) and consisted of Mahesh Wasadikar (Partner), Pavana Padmakumar (Senior Associate) and Samraddhi Shetty (Senior Associate).
K&L Gates advised the Olam Group on Singaporean and Australian law aspects.
The transaction team consisted of David Kuo (Partner), Meraj Noor (Partner), and Ying Chern Tan (Counsel).
Baker & McKenzie advised Wipro on this acquisition, alongside the Wipro in-house legal team.
The Baker transaction team consisted of Mohammed Almarini (Partner) and Max Nederlof (Senior Associate).
Wipro team included Nils Vernooji - Associate General Counsel and Ishani Sen Gupta - Senior corporate counsel.
AZB & Partners advised Wipro on the Indian law aspects of the transaction.
The transaction team consisted of Srinath Dasari (Senior Partner), Bhuvana Veeraragavan (Senior Partner), Adoksh Shastry (Partner), Yash Anand (Senior Associate), Tantu Vardhn (Senior Associate), Associates Shivani Verma and Zahra Vakil.
Aditya Singh Chandel (Partner), Suhail Bansal (Senior Associate) and Akshat Jain (Associate) advised on tax aspects, and Bharat V Budholia (Senior Partner), Vayshnavi Ganesh (Senior Associate) and Arth Doshi (Associate) advised on anti-trust aspects.
Mindsprint, which provides technology, cybersecurity and digital solutions, employs over 3,200 employees and serves multiple clients across the food and agri-business, manufacturing, retail and CPG, and healthcare and life-sciences verticals, including large enterprise accounts in the US, Asia Pacific and Middle East.
Pursuant to the transaction, Wipro will deliver end-to-end transformation services to Olam Group through a consulting-led and AI-powered approach. The engagement will draw on Wipro’s industry expertise, partnerships with leading technology providers, and Wipro Intelligence, its unified suite of AI powered platforms, solutions, and transformative offerings.
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