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AZB, NDA act on $48.7m Tanla Solutions buy of Karix Mobile

“Tanla Solutions signed a definitive share purchase agreement to acquire Karix Mobile (formerly known as mGage India) and its wholly owned subsidiary Unicel from GSO Capital Partners, a Blackstone company, at an enterprise value of ₹340 crore. Shares of Tanla Solutions ended 4.91 per cent higher at ₹40.60 on the BSE,” reported Hindu Business Line.

AZB & Partners advised Tanla Solutions Limited led by a team of partners Sai Krishna Bharathan and lawyers Atreya Bhattacharya , Raina Upadhyay, Apeksha Mattoo, Nitin Gupta, Raina Upadhyay, Kirti Balasubramanian, Sampriti Sridhar.

Nishith Desai Associates advised GSO Capital Partners LP led by a team of leader Ruchir Sinha, leader Rohan Singh, associate Devanshi Jaiswal.

2018-08-20

Deal value: Rs 340 crore ($49m)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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