JSA Advocates & Solicitors advised Alpaca DB Inc. (Alpaca) on the 100% acquisition of Zincmoney IFSC Private Limited (Zincmoney IFSC) and Zincmoney PSP IFSC Private Limited (Zincmoney PSP).
These Zincmoney entities are wholly owned subsidiaries of Zinc Money Pte. Ltd., Singapore, which is a part of the broader Zinc group, which develops AI-based systems for financial planning and other decision-making applications.
Alpaca is a self-clearing broker-dealer and specializes in providing brokerage infrastructure through APIs. This strategic acquisition (subject to IFSCA approval) is aimed to serve as an operational entry point to India and to build a global brokerage infrastructure.
The JSA transaction team comprised Prakriti Jaiswal, Partner, Rishika Agarwal, Senior Associate, and Kirti Vardhan Singh, Associate.
Prakriti specialises in mergers & cross border investments & acquisitions and private equity transactions. Her experience includes rendering advisory and structuring services on a variety of transactions including acquisitions of shares & business, private equity investments, joint ventures and corporate advisory.