Cyril Amarchand Mangaldas advised Quess Corp Limited on its proposed sale of 100% shares of Qdigi Services Limited, a wholly owned subsidiary, to Onsite Electro Services Private Limited. Quess Corp is also making a minority investment in Onsite as part of the transaction.
The General Corporate team of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Suvojit Halder, Partner; with support from Aarthi Sashikumar, Senior Associate; and Aiyush Gupta, Associate.
Other advisors to the transaction included Trilegal, as counsels to Onsite Electro Services Private Limited, and Ernst & Young, as investment banker for Quess Corp Limited.
The was signed on 6th February, 2024 and closing is subject to completion of CPs, closing is expected to occur prior to March 31, 2024.
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About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
