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Secondary Sale by A91 of a portion of its stake in Pushp to Sixth Sense

Deal
January 15, 2024

JSA advised A91 Partners on a secondary sale of approximately 7% of its stake in Pushp to Sixth Sense. Pushp, which processes spices such as chilli, turmeric and coriander, in addition to blending spices, has a stronghold in the spices segment in Madhya Pradesh and is a potential national powerhouse.

Notably, JSA also advised A91 Partners in 2020 for its investment of ~USD 15 million for a 25% stake in Pushp. This capital infusion helped Pushp expand its distribution network and also increased its valuation to INR 500 crores.

Deal Value: USD 12 Million

Our Transaction Team Comprised Lead Partner – Probir Roy Chowdhury, Partner – Yajas Setlur, Senior Associate – Pranavi Pera, Associate – Bhargavi Kuchewar.

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Tags Investment, JSA, Leading Law Firm, Leading Lawyers, Manufacturing

Bhargavi Kuchewar Associate

Bhargavi is part of JSA’s corporate commercial and technology, media, and telecommunication (TMT) practice. Bhargavi’s focus areas are Mergers & Acquisitions (M&A), Private Equity (PE) & Venture Capital and General Corporate Commercial.

Pranavi Pera Senior Associate

Pranavi is a part of JSA’s corporate commercial and technology, media and telecommunication (TMT) practice. Pranavi’s focus areas are Mergers & Acquisitions (M&A), Private Equity (PE) & Venture Capital and General Corporate Commercial.

Probir Roy Chowdhury Partner

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.

Yajas Setlur Partner

Yajas is a member of JSA’s technology, media, and telecommunications (TMT) practice. In this capacity, he advises clients extensively on various aspects of Indian information technology, data privacy and e-commerce laws.