New Delhi, Dec 18 (ANI-NewsVoir): Shardul Amarchand Mangaldas and Co (SAM and Co) acted as the legal counsel to CSC Group on the India leg of the acquisition of Xchanging plc (“Xchanging”) by CSC Computer Sciences International Operations Limited (“Acquirer”).
SAM and Co’s scope included due diligence, structuring, advising and documentation in relation to the open offer.
The transaction is an ongoing transaction, which involves acquisition of Xchanging by the acquirer and indirect acquisition of the subsidiaries of Xchanging including subsidiaries in India.
It also includes a proposed open offer to the public shareholders of XSL by the acquirer along with Computer Sciences Corporation and CSC Technologies India Pvt Ltd. as persons acting in concert.
The proposed open offer is conditional upon acquisition of the Xchanging by the acquirer and is an indirect offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The transaction, due diligence and competition teams of Shardul Amarchand Mangaldas and Co were involved in the transaction.
The transaction team was led by Yogesh Chande and Ashni Roy, partners along with Samidha Tyagi, Principal Associate, Malek-Ul-Ashtar Shipchandler, Associate and Neha
The Due Diligence Team was led by Ashoo Gupta, Partner and supported by Oscar D’sa, Principal Associate, Sandeep Chilana, Principal Associate, Charu Mehta, Principal Associate, Meghna Rajadhakshya, Principal Associate, Daryush Marfatia, Principal Associate and others.
The Competition Team was led by Aparna Mehra, Partner and included Prateek Bhattacharya, Associate, and Karan Latayan, Associate. (ANI-NewsVoir)