CPP Group has sold its entire 100% shareholding in Indian subsidiary, CPP Assistance Services Private Limited to One Assist Consumer Solutions Private Limited and its affiliate for a consideration of ₹174 crore.
JSA Advocates & Solicitors advised the CPP Group on this transaction. The Firm advised on the corporate law and tax law related aspects of the transaction, which included negotiation and execution of the transaction documents, as well as support through closing.
The transaction was led by Ajay G. Prasad (Partner), with support from Shivani Jain (Senior Associate), Associates Deviah Chinnappa and Rishi Sandill, and Company Secretary Krishna Lahoty.
Kumarmanglam Vijay (Partner), Surajkumar Shetty (Partner) and Tejasvi Shukla (Associate) advised on Tax Law aspects.
Shardul Amarchand Mangaldas & Co advised OneAssist and Bolttech Device Protection India Private Limited on this acquisition.
The transaction was led by Manish Gupta (Partner), along with Ashish Ahluwalia (Partner), Shivangi Kumari (Senior Associate) and Adarsh Mishra (Associate).
The Due Diligence team was led by Ashish Ahluwalia (Partner), with support from Deepti Verma (Senior Associate), Associates Surbhi Burman, Adarsh Mishra, and Mannshree Sikchi.
CPP India is engaged in providing assistance and protection services, offering a suite of white-labelled products in partnership with banks, NBFCs, and fintech companies across India.
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