IndiaIdeas.com Limited (Billdesk) has entered into a definitive agreement to acquire Worldline India’s payment businesses.

Shardul Amarchand Mangaldas & Co advised Billdesk on this acquisition. The Firm advised on all aspects of the transaction, including legal due diligence on the target companies, structuring and negotiating transaction documentation, W&I insurance policy matters, and providing legal and regulatory advice in relation to the acquisition.

Closing of the transaction is subject to completion of conditions precedent as set out in the share purchase agreement.

The transaction team was led by Raghubir Menon, Regional Practice Head – M&A and Private Equity, General Corporate; Natashaa S Shroff, Partner; and Shiladitya Banerjee, Partner, along with Vardhman Mehta, Principal Associate; Kriti Saraswat, Senior Associate; Aakarsh Nashier, Senior Associate; and Devangana Mandal, Senior Associate.

The Tax team was led by Gouri Puri, Partner, and Rahul Yadav, Partner, along with Nimish Malpani, Principal Associate; and Tushar Kumar, Associate.

The Competition team was led by Manika Brar, Partner, and Radhika Seth, Partner, along with Saii Siingh, Associate.

The Due Diligence team was led by Shiladitya Banerjee, Partner, along with Vardhman Mehta, Principal Associate; Kriti Saraswat, Senior Associate; Devangana Mandal, Senior Associate; Vedika Walia, Senior Associate; Srobona Ghosh Dastidar, Associate; Adwaita Bhattacharyya, Associate; and Gunjan Srivastava, Associate.

The Intellectual Property team consisted of Leoni Mahanta, Principal Associate and Garima Tripathi, Associate.

The Information Technology team was led by Kirti Mahapatra, Partner, along with Malikah Mehra, Associate; and Raja Rajasekar, Associate.

Hogan Lovells advised Worldline on this transaction.

The transaction team consisted of Xavier Doumen (Partner), Christophe-Marc Juvanon (Partner) and Michelle Li (Associate).

Cyril Amarchand Mangaldas advised Worldline on Indian law aspects of the transaction.

The transaction team consisted of Anu Tiwari (Partner, Head - Fintech and Financial Services), Jeeta Nayak (Partner), Utkarsh Bhatnagar (Partner), Naman Lodha (Senior Associate) and Anusha Rao (Associate).

The transaction will strengthen Billdesk’s end-to-end digital payments capabilities and expand its merchant acquiring and enterprise payment solutions footprint in India.

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