JSA advised Le Travenues Technology Limited (“ixigo“) as the buy-side counsel relating to its proposed acquisition of 51% shareholding in Zoop Web Services Private Limited (“Zoop“) (an authorized IRCTC e-catering partner engaged in providing food delivery services on trains), through a combination of primary and secondary share purchases. The acquisition is subject to fulfillment of conditions precedent. ixigo may acquire additional stake in the Company subject to fulfilment of certain milestones under the definitive agreement.
The JSA team consisted of Archana Tewary (Partner), Savio Tom (Senior Associate), Naveen Kumar (Associate) and Ajith Kidambi (Associate). The team assisted in conducting due diligence on Zoop, drafting and finalising the definitive documents and ancillary agreements.
The stock exchange announcement relating to the acquisition may be accessed here.
Archana has worked in private equity, capital markets and general corporate teams and has primarily worked on investments by private equity investors in unlisted companies and offerings of equities and securities by listed and unlisted companies.