Khaitan & Co. advised Temasek Capital Management Pte Ltd on the deal.
Temasek (MacRitchie Investments Pte. Ltd.) received an investment made by Lone Pine in Pine Labs Pte. Ltd. through equity subscription at a valuation of USD 2 billion for an aggregate amount of USD 100 million.
Pine Labs Private Limited. provides financing and retail transaction technology. The Company offers payment solutions including EMI, discounts, cash back programs, pay by points, loyalty, targeted promotions, and dynamic currency conversion.
The Khaitan & Co. team consisted of Partner Vineet Shingal (Picture), Rohan Shrivastava (Senior Associate) and Tanvi Arora (Senior Associate).
Law Firms: Khaitan & Co.;