Khaitan & Co Advised Salesforce Ventures On The Reverse Flip Of Fintech Unicorn Razorpay

Khaitan & Co advised Salesforce Ventures on the reverse flip of fintech unicorn Razorpay

Khaitan & Co advised Salesforce Ventures on the reverse flip of Razorpay, shifting its parent company's domicile from the US to India. The transaction marks the first use of India’s fast-track cross-border merger regime to successfully complete a reverse flip.

The firm advised Salesforce Ventures on the preservation and replication of its rights as they existed in Razorpay US pursuant to the reverse flip, as well as the tax implications arising from the transaction.

The Khaitan & Co team was led by Monika Srivastava (Partner) and Sanchit Agarwal (Partner), with support from Romit Kohli (Associate) and Shivangi Mishra (Associate). Ritu Shaktawat (Partner) advised on tax aspects.

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