Fox & Mandal, Shardul Amarchand Mangaldas act on Canada-based Infotech acquiring Zluri
Info-Tech Research Group (ITRG), Canada has made a 100% acquisition of Zluri Technologies Pvt Ltd, along with Zluri Inc., its wholly owned US subsidiary. The transaction facilitated the exit of institutional investors Lightspeed India Partners, Kalaari Capital Partners, Endiya Partners Fund II and MassMutual Ventures, along with the founders and other angel investors. The transaction involved the exercise of investor rights under the shareholders’ agreement and the structuring of an earn-out arrangement with FEMA implications. Fox & Mandal acted as Indian counsel to InfoTech on this transaction.
CounselShardul Amarchand Mangaldas
SectorTechnology
Sources
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