Jabarati Chandra
Ashurst and S&R Associates worked on the sale of 12.8 million equity shares in digital payments and financial services company One97 Communications (Paytm’s parent company).
The total deal is valued at USD185.6 million. The shares were sold by funds managed by Elevation Capital on the BSE and NSE.
S&R Associates advised the broker, and its team was led by partner Jabarati Chandra, with support from associates Komal Parakh and Dhaval Sheth.
Ashurst acted as US legal counsel to the broker. One97 Communications is the parent company of Paytm, India’s digital payments platform, which deals with payments, commerce, ticketing and wealth management services. Elevation Capital is an Indian venture capital firm focused on early-stage investments, with a growing presence in select late-stage companies.
