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Info Edge India Ltd., promoter of jobs portal naukri.com, is acquiring 100% ownership of Highorbit Careers Pvt. Ltd, owner of online job portals iimjobs.com and hirist.com for a cash consideration of Rs. 80.82 crore.
L&L Partners acted for Info Edge and the team was led by Partners Sundeep Dudeja and Vaibhav Kakkar along with Managing Associates Prashant Shah, Snigdhaneel Satpathy, Avisha Gupta and Associates Ritvika Thakur, Keshav Pareek and Bhavini Singh.
K Law advised Highorbit Careers and the team was led by Partner Arjun Rajagopal.
Nine-year-old iimjobs.com was founded by Tarun Matta, an IIT-IIM alum, to cater to the job needs of those who have graduated from premier institutes. With 23,000 job postings and 1.8 million job applications every month, iimjobs.com and hirist.com have grown rapidly, reported Mint.