Bharucha & Partners advised Vedantu on the deal.
Vedantu completed the acquisition of Pedagogy, an Ahmedabad-based edtech startup in a cash and stock deal.
The filings mention that Pedagogy promoters Archin Shah, Nipam Shah, Nita Shah, Aniket Shah and Ritesh Gandhi collectively hold 75.06% stake in the company. They will receive total consideration of Rs 21.4 crore comprising Rs 15.23 crore in cash and Rs 6.14 crore in Vedantu stock. Vedantu will acquire the remaining stake from other shareholders, pricing the acquisition around Rs 28.5 crore.
The Bharucha & Partners team was led by Managing Associate Swathi Girimaji (Picture), Senior Associate Subham Chatterjee, Associate Gayatri Ramesh and Associate Jahanvi Grover.
Law Firms: Bharucha & Partners ;
Clients: Vedantu Innovations Private Limited;