DSK Legal advised Appnit Technologies Private Limited (“Company”), its Promoters and existing investors in relation to an acquisition of a controlling stake by way of primary and secondary investment in the Company, by DMI Finance Private Limited (“Investor”). The Company holds a semi-closed wallet license from RBI by the name of Oxymoney and is engaged in the business of product development in payments technologies, including providing integrated payment processing platform.
DSK Legal advised inter alia on drafting, reviewing, negotiating, and finalizing of Transaction Documents and providing assistance in closing of the Transaction.
The DSK Legal team representing Appnit Technologies Private Limited on the Transaction comprised of Rishi Anand (Partner), Nakul Batra (Associate Partner) and Snigdha Prakash (Associate).
DMI Finance was represented by Amicus Advocates & Solicitors.