Saraf and Partners acted as legal counsel to Resilient Asset Management B V (“Resilient”), an entity associated with Vijay Shekhar Sharma, CEO & MD of One97 Communications Limited (“Paytm”), in connection with the sale of approximately 3% of Paytm’s equity share capital through a block trade executed on the stock exchanges (the “Transaction”). The Transaction involved an aggregate consideration of approximately INR 2,949 crore.
Saraf and Partners advised Resilient on all legal aspects of the Transaction, including the structuring, negotiation and finalisation of transaction documents with the brokers, and regulatory and compliance matters under the applicable securities laws and SEBI regulations.
The Transaction team was led by Sahil Arora (Partner), and consisted of Anuj Garg (Senior Associate), Samiksha Bhargava and Sonia Mangtani (Associates).
Vaibhav Kakkar (Senior Partner) provided strategic inputs and regulatory advice in relation to the Transaction.