Japan’s leading Internet and telecom major SoftBank has invested Rs. 9,000 crore ($1.4 billion) in One 97 Communications, which owns mobile payments provider Paytm..The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $7 billion, making it the country’s second most valuable startup, reported ET..Nishith Desai Associates acted for Softbank with a team led by Partner Pratibha Jain along with Tanya Pawha..Morrison and Forester also acted for Softbank for U.S. law related advise..Shardul Amarchand Mangaldas advised One 97 Communications Limited (Paytm) with a team led by Partners – Raghubir Menon and Ekta Gupta along with Associates – Aritra Roy and Srishti Maheshwari..Alibaba and Alipay, the other investors were represented by Trilegal Partner Rohan Ghosh Roy along with Senior Associate Anurag Shrivastav and Associate Anant Prabhuchimulkar.
