JSA advised and assisted Axcelinno Holdings LLC (“Axcelinno”), a company engaged in the business of IT Professional Services and Support, cloud strategy and migration, DevSecOps and automation, etc. on the India leg of its sale of assets and units/shares to Mainline Information Systems, Inc. (“Mainline”), a leading provider of IT solutions and services.
The JSA team was involved in the transaction structuring, reviewing, negotiating and finalizing the documentation in relation to the sale of 97.5% of the shares of Axcelinno India Private Limited, the Indian subsidiary of Axcelinno to Mainline including advising on direct tax issues arising in relation to the transaction.
This deal involved analysis of the structure of the transaction and thereafter structuring the transaction in compliance with Indian laws and in the most tax efficient manner, to meet the requirements of the client.
Our Transaction Team Lead Partner – Trisheet Chatterjee, Partner – Sarvesh Kumar Saluja, and Associate – Kaishori Raut.
Our Taxation Team Partner & Head of Practice – Direct Tax – Kumarmanglam Vijay, and Associate – Shiv Singhal.
Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.