Khaitan & Co advised Reliance Industrial Investments and Holdings Limited on the transaction.
Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Limited has entered into an agreement for acquisition of equity shares of C-Square Info Solutions Private Limited for a cash consideration not exceeding INR 22,04,17,318.
RIIHL will further invest an amount of up to INR 60,00,00,000 and is likely to be completed by March 2021.The total investment will translate into ~82% of equity capital in C-Square on a fully diluted basis.
C-Square is a software company incorporated on 18 July, 2002. C-Square provides software solutions with specific focus on pharma sector for various stakeholders including C&F, distributors, retailers, online ecommerce and sales force automation.
Khaitan & Co advised Reliance Industrial Investments with a team including Supratim Chakraborty (Picutre), Kaushalya Shetty, Sumantra Bose and Rhea Jha.
Involved fees earner: Supratim Chakraborty – Khaitan & Co.;
Law Firms: Khaitan & Co.;
Clients: Reliance Industries Limited;