JSA represented the family office of Adar Poonawalla in its proposed acquisition of approximately ~20% stake in AstaGuru Auction House Private Limited (the “Company”), India’s premium auction house, promoted by Vickram Sethi, Tushar Sethi and Neelam Sethi. The investment marks a pivotal moment for the Company, paving the way for its expansion in local and global markets. The collaboration will drive growth across various verticals and categories, leveraging research-driven strategies and AI-powered digital enhancements to elevate user experiences.
Founded in 2008, the Company was established to create a safe and secure platform for online auctions featuring Modern Indian Art, Contemporary Act, and fine collectibles. The platform bridges the gap between buyers and consignors, enabling seamless participation through its real-time mobile app.
Our transaction team comprised Lead Partner & National Corporate Lead – Iqbal Khan, Partner – Devika Menon, Senior Associate – Tarini Sardesai, and Associates – Nidhi, Ayushi Choudhary, and Mallika Bhaskar.
Our tax team comprised Partner and Head of Practice, Direct Tax – Kumarmanglam Vijay, and Partners – Surajkumar Shetty, and Shareen Gupta.
Iqbal Khan is a Partner and National Corporate Head at JSA, with a key role in Private Equity, Mergers & Acquisitions and Joint Venture Practices.