J Sagar Associates (JSA) acted for First Carlyle Ventures Mauritius, whose affiliate is advised by The Carlyle Group, and the promoters and management shareholders of telecoms software company Elitecore Technologies Limited, in their sale of 100 per cent of Elitecore for Rs 180 crores to optical fibre maker Sterlite Technologies, which was advised by Cyril Amarchand Mangaldas partner Santosh Janakiram and partner designate Himanshu Dodeja.
JSA partner Vikram Raghani and senior associates Anand Lakra and Avinash Jethwani led the team for Carlyle.
JSA had also advised First Carlyle Ventures Mauritius during its initial investment in Elitecore. The deal will expand Sterlite’s broadband offering, reported PTI.
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