Axcelinno Holdings LLC, a company engaged in the business of IT Professional Services and Support, sold its assets and units/shares to Mainline Information Systems, Inc., a leading provider of IT solutions and services.

J. Sagar Associates was involved in the transaction structuring, reviewing, negotiating and finalizing the documentation in relation to the sale of 97.5% of the shares of Axcelinno India Private Limited, the Indian subsidiary of Axcelinno to Mainline including advising on direct tax issues arising in relation to the transaction.

The transaction team consisted of Trisheet Chatterjee (Lead Partner), Sarvesh Kumar Saluja (Partner) and Kaishori Raut (Associate).

The taxation team consisted of Kumarmanglam Vijay (Partner & Head of Practice - Direct Tax) and Shiv Singhal (Associate).

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