Vaish Associates has advised Pune-based Infospectrum on the sale of its outsourced product development (OPD) business to Persistent Systems, advised in-house by its company secretary and legal head.
Vaish Associates Delhi-based corporate partner Satwinder Singh led the team consisting of principal associate Rupa Radhakrishnan and associate Shagun Bhargava for the Indian subsidiary of US-based Infospectrum.
Persistent was represented by its group’s company secretary and head-legal Vivek Sadhle on the transaction.
Singh, who along with his team finalised the business purchase agreement and structuring, said: “The deal will be implemented along with transition of employees and certain customers within a month subject to fulfilment of certain conditions to closing of the deal.”
The deal involved a definitive agreement to acquire the OPD business of the seller company for an undisclosed amount in a bid to augment business opportunities in Europe, according to newspaper reports.
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dude...Vaish is not some 'XYZ' firm...It has the best Tax practice of the country and also is known for its corporate practice....n trust me they have a great clientle...
Legally India actually started out as a business/law firm focused publication, which is still our core focus.
However, original law school news and readers have obviously increased since starting so I appreciate your point.
We will work on presenting the content in a better form in future to make both audiences happy!
Best regards
Kian
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