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Link Legal advised and assisted Twin Technology SE (‘Twin Tech’) in acquisition of equity stake in Audiencetech India Solutions Private Limited (‘Audience Tech’), by way of a primary transfer of equity shares held by the existing shareholders of Audience Tech and subsequent issuance of additional equity by Audience Tech through preferential allotment. Pursuant to the closure of the transaction, Twin Tech holds a 25% stake in Audience Tech.
Twin Tech is a Germany based entity engaged in the development and operation of IT applications in the field of trade, mobility, energy, media, and finance. It is also involved in the acquisition and investment in projects using/ promoting the technologies and products developed by it.
Audience Tech is a Bangalore (India) based company engaged in the field of software product development, information systems/ solutions and development of related products, and renders consultancy & supply services globally.
Link Legal, led by its Corporate Partner Ketan Mukhija, Associate Partner Gaurav Priyadarshi, Senior Associate Apurv Ranjan, and Associate Rupendra Gautam assisted Twin Tech from the preliminary stage and until the effective closing of the entire transaction. The scope of work also involved assisting and advising Twin Tech on the relevant compliances with the extant Indian exchange control regulations, as well as general Indian law advisory on applicable corporate legal compliances and stamp duty payment.