ALMT Legal represented the Haymarket UK entities on the sale of Haymarket SAC (India) Pvt. Ltd. by its existing shareholders to Spinny (Valuedrive Technologies Pvt. Ltd). Spinny acquired 100% of the shares of Haymarket SAC (India) Pvt. Ltd., from Haymarket and Hormazd & Naheed Sorabjee, which comprised a cash cum equity arrangement and a brand license to ensure that the business can continue as is.
The transaction team at ALMT Legal was led by Ryna Karani (Senior Partner) and Siddhi Ghatlia (Partner) and ably supported by Khusbu Jasani (Principal Associate), Meherdad Kavarana (Senior Associate), Palak Shah (Associate) and Natiana Godinho (Associate).