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SNG & Partners has acted as legal counsel to DreamFolks Services Limited on two milestone transactions. The acquisition of a 50.01% stake in Ten 11 Hospitality LLP in India and a 60.24% stake in ETT Solutions DMCC in Dubai. These deals mark a significant step in DreamFolks’ strategy to scale its domestic offerings and reinforce its global footprint spanning 120+ countries and 500 airports.
SNG & Partners delivered end-to-end legal support across both mandates.
For the Ten 11 Hospitality LLP transaction, the firm led comprehensive due diligence and the drafting and negotiation of the definitive agreement, helping strengthen DreamFolks’ domestic hospitality ecosystem.
The ETT Solutions DMCC acquisition—structured through a mix of secondary share purchase and primary subscription—will result in DreamFolks holding a 60.24% stake, with ETT set to become a foreign subsidiary post‑completion. With its cross‑border structure and multi‑jurisdictional regulatory requirements, the deal involved heightened complexity. SNG & Partners worked closely with UAE counsel on definitive agreements and negotiations, while also providing specialised guidance on foreign exchange reporting requirements, ensuring seamless alignment across jurisdictions.
The transaction was led by Chandra Shekhar Mishra (Associate Partner), supported by Aditi Mishra, Arjun Khanna, and Mohit Goyal (Associates). The transaction team drew on strategic oversight and key transactional direction from Aditya Vikram Dua (Partner & Head – Financial Services), whose guidance was instrumental in navigating both the domestic and cross‑border dimensions of the mandates.
