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Khaitan Bgl, Olswang scoop giant $450m Snapdeal e-com buy of Freecharge with AZB Delhi

Khaitan & Company advised Snapdeal on India’s biggest acquisition in the e-commerce space yet – the $450m (Rs 2,800 crore) buy of mobile commerce platform Freecharge which was advised by AZB & Partners, reported Bar & Bench.

Khaitan Bangalore Partner Abhilekh Verma acted for Snapdeal, with Olswang Singapore, led by Olswang India desk head Azmul Haque.

AZB Delhi partner Gautam Saha, senior associate Dushyant Bagga and associate Devanshu Sajlan acted for Freecharge's selling shareholders led by Sequoia Capital, with Eversheds Singapore.

Update: Bar & Bench has updated its original story, adding that Themis Associates partner Chetan Nagendra also acted for Freecharge.

IndusLaw has been Snapdeal’s go-to adviser on the fundraising side, having most recently acted on the $627 round by Softbank.

SoftBank, which invested $627m in Snapdeal year, is its largest investor. Snapdeal has raised $1.1bn so far, reported Yourstory.

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