Lakshmikumaran & Sridharan Attorneys Advised IndiQus Technologies On Strategic Acquisition By Yotta
LIVELAW NEWS NETWORK
22 Nov 2024 1:29 PM IST
Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel for IndiQus Technologies in connection with its acquisition by Yotta Data Services, a managed data center service provider owned by the Hiranandani Group. IndiQus Technologies, the parent organization of Apiculus, is a cloud platform provider that collaborates with telecom service providers (Telcos, ISPs, and data center providers) globally, enabling them to build profitable in-country cloud businesses. This strategic acquisition will strengthen Yotta's capabilities in sovereign cloud and artificial intelligence while reducing its dependence on foreign enterprises.
LKS acted as the legal counsel for IndiQus Technologies and advised on all aspects related to the transaction. The role involved advising on the transaction structure and negotiation and finalization of the transaction documents.
The core LKS team included Mr. Kunal Arora (Partner), Ms. Dikshita Damodaran (Principal Associate), Mr. Archit Gupta (Senior Associate), and Ms. Anusha Mohapatra (Associate).
Yotta Data Services was represented by Khaitan & Co.
Lakshmikumaran & Sridharan (LKS) is a premier full-service law firm in India, specializing in areas such as corporate & M&A/PE, dispute resolution, taxation and intellectual property. The firm, through its 14 offices across India, works closely on litigation and commercial law matters, advising and representing clients both in India and abroad. The firm has handled thousands of litigation cases before various forums including hundreds of disputes before the Supreme Court of India. Over the last nearly 4 decades the firm has worked with over 15,500 clients which range from start-ups, small & medium enterprises, to large Indian corporates and multinational companies.
The professionals within the firm bring diverse experience to service clients across sectors such as automobiles, aviation, consumer electronics, e-commerce and retail, energy, EPC, financial services, FMCG, hospitality, IT/ITeS, logistics, metals, mining, online gaming, pharma and healthcare, real estate and infra, telecom and media, and textiles.
