Skip to main content

AZB & Partners has represented SoftBank Group on its $400 million investment in India’s Paytm E-Commerce, which turned to Shardul Amarchand Mangaldas for advice.

Alibaba, an existing investor in Paytm E-Commerce, is also putting in $45 million in the round, and is being represented by Trilegal. 

The funding round values the online retailer at roughly $1.9 billion, said Reuters. SoftBank is among major investors in India’s fast-growing e-commerce sector and already owns a stake in Paytm’s parent.

A filing with India’s Registrar of Companies showed SoftBank units will get a 21.1 percent stake in Paytm E-Commerce after the investment which would come in four tranches, Reuters added. Alibaba.Com Singapore E-Commerce, which currently owns 36.3 percent of the Indian e-retailer, will remain the single-largest shareholder of Paytm E-Commerce but with a relatively smaller stake of just over 30 percent after its latest investment is completed in four tranches.

The AZB & Partners team was led by partner Vinati Kastia.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.