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JSA, CAM on $60m Axis buy of Snapdeal's Freecharge

"Axis Bank Ltd on Thursday announced the acquisition of Snapdeal-owned mobile wallet FreeCharge in a Rs385 crore all-cash deal, strengthening its position in the payments space," reported Mint.

J Sagar Associates (JSA) partner Sidharrth Shankar, principal associate Prakriti Jaiswal and senior associate CV Srikant acted for Snapdeal's parent company Jasper Infotech.

Cyril Amarchand Mangaldas Mumbai partners Yash J. Ashar, Indranath Bishnu, Shruti Rajan Anshuman Sakle and Bharat Budholia, Bangalore partner Rashmi Pradeep and Delhi partners SR Patnaik and Mekhla Anand acted for Axis.

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