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SAM acts on $100m Ola stake sale to Temasek, founders

“Ola founders, Temasek to acquire 10% stake in ride-hailing firm: Ola’s co-founders, along with Singapore’s state investment arm Temasek, are in the process of buying out a less than 10% stake in the cab-hailing firm’s parent company ANI Technologies,” reported Techcircle.

Shardul Amarchand Mangaldas & Co advised Temasek led by a team of National Practice Head Raghubir Menon; partner Natashaa Shroff; senior associate Deepa Rekha; senior associate Srishti Maheshwari and associate Garima Tyagi. The competition advice was led by partner Shweta Shroff Chopra; principal associate Yaman Verma; senior associate Prateek Bhattacharya and Gauri Mehta, associate Megha Gulati, principal associate, senior associate Leoni Mahanta. The due diligence team included senior associate Maidini Phul, associate Akansha Singh; associate Anindita Basu; associate Shinjni Kharbanda; associate Pranav Awasthi; associate Tanya Chaudhary.


Deal value: $100 million

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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