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Cyril Amarchand advises Snapdeal in GoJavas sale talks

"Courier service provider Pigeon Express Pvt. Ltd is in advanced talks to acquire e-commerce focused logistics service provider GoJavas (Quickdel Logistics Pvt. Ltd), which suspended operations last week amid an organisational overhaul, in a cash and stock deal, said two people aware of the development,” reported Mint and others earlier this month.

Cyril Amarchand Mangaldas advised Snapdeal on the restated shareholders agreement, its investor protection rights, corporate governance strategy and the creation of a pledge on a limited portion of the acquirer’s stake in Go Javas in favour of Snapdeal.

The team was led by Mumbai corporate and private clients partner Rishabh Shroff and New Delhi based corporate partner Harsh Kumar, with Delhi dispute resolution partner Gauri Rasgotra assisting Snapdeal on its litigation strategy vis-a-vis the transaction documents.

Snapdeal has invested around Rs 237 crore in GoJavas since March 2015 and will remain a minority shareholder in the logistics company.

We have not been able to confirm the other advisers, if any, at the time of going to press but will update the story when we get it.

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