KhaitanCo, JSA, Desai Diwanji act for Nihilent Tech $10.3m buy of ICRA ratings software co

reported VCCircle.

Khaitan & Co advised Nihilent on the deal.

Desai & Diwanji Mumbai partners Apurva Diwanji and Natasha Treasurywala and Delhi partner Rachna Jain assisted by associates Nakul Batra and Archana Patkar acted as the legal counsel for Moody’s, which is the majority shareholder in ICRA.

J Sagar Associates (JSA) acted as the legal counsel for ICRA, which was the owner and seller of ICRA Techno Analytics.

Khaitan & Co deal team

Core Corporate team: associate partner Pooja Patel, senior associate Radhika Agarwal, senior associate Kinshuk Jhunjhunwala.

Securities Team: partner Abhimanyu Bhattacharya, associate partner Aditya Cheriyan, associate Navodita Gupta.

Assistance on Corporate aspects: associate Vinita Choudhury.

Dispute Resolution aspects: principal associate Vishal Shriyan.

According to the firm’s press release:

Nihilent is a global consulting and solutions integration company using a holistic and systems approach to problem solving. Headquartered in Pune, India, Nihilent has extensive experience in international consulting, IT outsourcing and IT services.

ICRA Techno Analytics Limited was a wholly owned subsidiary of ICRA Limited, a credit rating agency, shares of which are listed on the Indian stock exchange.

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Author: Legal Discipulus

A law student, blogger and intraday trader. “Perhaps the most important thing I learned was about democracy, that democracy is not our government, our constitution, our legal structure. Too often they are enemies of democracy.” - Howard Zinn

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