SNG & Partners Advised DreamFolks Services Limited On Strategic India And Dubai Acquisitions
SNG & Partners advised DreamFolks Services Limited on strategic India and Dubai acquisitions
The leading law firm in India, SNG & Partners acted as legal counsel to DreamFolks Services Limited on two milestone transactions: the acquisition of a 50.01% stake in Ten 11 Hospitality LLP in India and a 60.24% stake in ETT Solutions DMCC in Dubai. These acquisitions represent a significant step in DreamFolks’ strategy to scale its domestic offerings and reinforce its global footprint across 120+ countries and 500 airports.
For the Ten 11 Hospitality LLP transaction, SNG & Partners led comprehensive due diligence and advised on the drafting and negotiation of the definitive agreement, strengthening DreamFolks’ domestic hospitality ecosystem.
The ETT Solutions DMCC acquisition, structured through a mix of secondary share purchase and primary subscription, will result in DreamFolks holding a 60.24% stake, with ETT set to become a foreign subsidiary post-completion. The transaction involved cross-border structuring and multijurisdictional regulatory requirements.
SNG & Partners worked closely with UAE counsel on definitive agreements and negotiations, while also providing specialised guidance on foreign exchange reporting requirements to ensure seamless alignment across jurisdictions.
The SNG & Partners transaction was led by Chandra Shekhar Mishra (Associate Partner), with support from Aditi Mishra (Associate), Arjun Khanna (Associate), and Mohit Goyal (Associate).
Strategic oversight and transactional direction were provided by Aditya Vikram Dua (Partner & Head – Financial Services), whose guidance was instrumental in navigating both the domestic and cross-border dimensions of the mandates.
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