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Trilegal, CAM, Rajaram, SAM, Avigna act on Pharmeasy-MedLife mega merger

Health-tech startup, Pharmeasy, owned by API Holdings has acquired 100% stake in the Medlife group from its existing shareholders in consideration of securities issued to the Medlife shareholders, for a stake of 15.7% in API. This is one of the largest deals forming part of the increasing consolidation in the online pharmacy business in India, reported Inc42.

Cyril Amarchand Mangaldas advised Pharmeasy’s parent company, Pharmeasy owned by API Holdings Private Limited led by its transaction team comprising of partner Ravindra Bandhakavi, partner Dhruv Singhal, with support from senior associate Sonakshi Arora, principal associate Arijeet Mukherjee, senior associate Aditya Dayal, senior associate Shweta Pandey, associate Akshat Parmar associate Shorya Choudhary and associate Rahul Joshi. The competition team was led by partner Avaantika Kakkar, principal associate Kirthi Srinivas and associate Sree Ramya Hari. The team led by partner Arun Prabhu, with support from principal associate Anirban Mohapatra and associate Piyali Sengupta, provided advice on IP related aspects. The team that assisted with the closing of the deal included principal associate Anindita Bhowmik, associate Rahul Mantri, associate Nilomi Doshi and associate Aarushi Bansal. The employment law diligence was conducted by partner Richa Mohanty Rao, along with senior associate Mansi Mantoo associate Designate associate Sharmistha Mitra Akash Mishra and associate Faiza Khan.

Trilegal advised Medlife International Private Limited led by a team including corporate team partners Yogesh Singh and Wiseroy Damodaran; counsel Ramya Suresh; principal consultant Saurabh Arora; senior associate Rishabh Sinha; associates Eklavya Malvai, Eshita Jain and Ritika Juneja. Competition Team head and partner Nisha Kaur Uberoi; counsel Rahul Satyan; senior associates Sanjeev Sriram and Tanveer Verma; associate Gajendra Bhansali. Debt financing team partner Joseph Jimmy; counsel Okram Singha; associate Devanshu Jain.

The existing Medlife shareholders were advised by Shardul Amarchand Mangaldas for Times Internet.

Rajaram Legal acted for Matrix.

Avigna Law acted for Dream Incubator.


Deal value: Confidential

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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