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

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.