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eBay has picked up a 5.5% stake in Paytm Mall. The financing round is about $150 million, reported ET.
J. Sagar Associates (JSA) advised eBay Singapore Services Pte Ltd (“eBay Singapore”). The JSA team for the Investment Deal was led by Joint Managing Partner – Vivek K. Chandy, Partners – Archana Tewary and Siddharth K. Vedula and Associates – Medha Shah, Vandana Venkatesh, Arjun David Alexander, Sanjna Vijh and Karun Pahwa.
Partners – Amitabh Kumar and Vaibhav Choukse and Principal Associate – Unnati Agrawal advised on merger control related aspects.
Mintz Levin Cohn Ferris Glovsky and Popeo P.C. acted as the foreign counsel for eBay and eBay Singapore and the team included William Perkins and Dinesh Melwani.
Shardul Amarchand Mangaldas advised Paytm and the team was led by Partners Raghubir Menon and Ekta Gupta.
Trilegal acted for existing investor Alibaba and the team included Partner Rohan Ghosh Roy and Associates Pulkit Chaturvedi, Divyajyot Verma and Karn Shukla.