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Acquistion of majority stake in Savaari Car Rentals Private Limited by MakeMyTrip

Deal
November 24, 2023

JSA assisted and advised MakeMyTrip (India) Private Limited (“MMT”) in relation to its majority investment in Savaari Car Rentals Private Limited (“Savaari”), a leading online cab booking aggregator providing both local and inter-city car rental services.

MMT is the leading online travel company in India which provides a bouquet of online services including airline tickets, domestic and international holiday packages, hotel reservations, homestays, rail and bus tickets etc.

JSA advised on structuring the deal, undertook the legal due diligence of Savaari and assisted in drafting the transaction documents.

Our Transaction Team Comprised Lead Partner – Trisheet Chatterjee, Partner – Zain Pandit and Sarvesh Kumar Saluja, Senior Associate – Kaishori Raut and Associate – Neeral Jain.

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Tags Car rent, Hospitality, Investment, JSA, Leading Law Firm, Leading Lawyers, Travel, Travel Company

Neeral Jain Associate

Neeral is a member of the corporate practice group of JSA and specializes in Contract Drafting, General Corporate Advisory, Corporate Commercial Laws, Domestic and Cross–Border Mergers & Acquisitions, Joint Ventures, Business Transfers, and Corporate Restructuring.

Sarvesh Kumar Saluja Partner

Sarvesh has been engaged in several transactions and projects as a member of legal and regulatory teams handling diverse aspects of corporate, commercial, telecom and information technology laws.

Trisheet Chatterjee Partner

Trisheet’s practice encompasses diverse areas of Corporate Commercial laws with a specific focus on Cross Border Mergers & Acquisitions, Joint Ventures, Corporate Restructuring and General Corporate Advisory.

Zain Pandit Partner

Zain is a member of the firm’s corporate practice. His practice focuses on corporate governance, business structuring and restructuring, public procurements as well as mergers and acquisitions.