Shardul Amarchand Mangaldas & Co. Advised Norwest Venture Partners On Divestment Of Stake In Pepperfry Limited

Shardul Amarchand Mangaldas & Co. advised Norwest Venture Partners on divestment of stake in Pepperfry Limited

The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) advised Norwest Venture Partners on the divestment of its 100% stake in Pepperfry Limited to TCC Concept Limited, an Indian listed entity.

The transaction was structured as a share swap, pursuant to which TCC Concept Limited acquired 98.98% shareholding of Pepperfry from its existing shareholders, including Norwest Venture Partners.

The deal involved a complex cross-border share swap between a resident listed entity and multiple resident and non-resident sellers, requiring careful structuring and regulatory compliance.

Shardul Amarchand Mangaldas & Co. provided comprehensive legal advisory support in relation to the transaction, including structuring, documentation, and regulatory aspects.

The SAM transaction team was led by Aayush Kapoor (Partner) and Roma A. Das (Partner), with support from Pratim Majumder (Associate). The team also received regulatory advisory support from Manita Doshi (Partner).

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