Salter Technologies Private Limited, dba Volt Money, has merged into DSP Finance Private Limited.
The transaction involved a primary issuance of shares by Volt Money to DSP Finance, along with the acquisition of shares from certain existing shareholders of Volt Money, including its founders, by DSP Finance and its related persons. This was followed by an NCLT approved merger process through which Volt Money was amalgamated into DSP Finance.
Trilegal advised the DSP group on both the pre-merger investment in Volt Money and the merger of Volt Money into DSP Finance.
The transaction team was led by Prateek Lala (Partner) and comprised of Ritwik Mukherjee (Counsel), Someny Singhal (Counsel), Saurabh Saket (Senior Associate) and V. Nityanand (Associate). The following provided support:
Disputes team: Siddharth Ranade (Partner), Prakshal Jain (Counsel), Kaazvin Kapadia (Senior Associate).
Financial Regulatory team: Shruti Rajan (Partner), Anubhav Ghosh (Partner), Drishti Kapadia (Senior Associate).
Diligence Team: Shruti Rajan, Prateek Lala, Nikhil Narendran (Partner), Jishnu Sanyal (Partner), Ritwik Mukherjee (Counsel), Rachna Chhabria (Counsel), Someny Singhal (Counsel), Saurabh Saket (Senior Associate), Associates Sarashika Eakambaram, Angeline Priety Franklyn, Suhan S.
The merger integrates Volt Money's technology and digital customer experience with DSP Finance's balance sheet and risk management.
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