JSA Advocates and Solicitors, advised and represented A91 Partners, in their investment in Citykart Ventures Private Limited, acquiring a 15.24% stake in the company that owns and operates a chain of value fashion retail stores. The transaction involved a primary as well as a secondary component, providing a 100% exit to one of Citykart’s early backers – Investcorp – and a partial exit to India SME Fund.
JSA provided A91 Partners with a comprehensive support, including a thorough due diligence into Citykart’s multi-state operations, as well as drafting, negotiating, and closing the transaction.
The team, led by Probir Roy Chowdhury (Partner), along with Yajas Setlur (Partner), Bhargavi Kuchewar (Senior Associate) and Moushami Nayak (Associate).
Probir specializes in Corporate Commercial, Venture/Private Equity and Information Technology/FinTech. He has been involved in corporate transactions focused on the high technology industry including cross border Mergers & Acquisitions.