DSK Legal represented Mr. Sonu Sood and Sood Infomatics LLP (“SIL”) in relation to the subscription of Class B shares by SIL in E-arth Travel Solutions Private Limited (“Company”), a 30:70 joint venture amongst SIL and Digispice Technologies Limited (“DTL”) & Spice Money Limited (“SML”).
The Company is engaged in the business of running tour and travel related platform(s) ‘Travel Union’ involving in services pertaining to booking, reservation, sale, sponsoring, organizing, managing, and facilitating tours, travel, ticketing, visa, accommodation, carriages, travel insurance and forex, including in relation to meetings, incentives, conferences, events etc. (“Business”). As a part of the transaction, Mr. Sonu Sood shall be acting as a brand ambassador of the Company and shall endorse the Company’s Business.
DSK Legal assisted Mr. Sonu Sood and SIL in, inter-alia drafting, reviewing, and finalizing of (a) share subscription agreement amongst Mr. Sonu Sood, SIL, Company, DTL and SIL; (b) shareholder’s agreement amongst Mr. Sonu Sood, SIL, Company, DTL and SIL; and (c) promotion plan to record the understanding of Mr. Sonu Sood and SIL in relation to the promotion and endorsement of Company’s Business.
The DSK Legal team representing Mr. Sonu Sood and SIL comprised of Mr. Jitendra Soni (Principal Associate) and Mr. Chirag Jain (Principal Associate).
Mr. Rishi Anand (Partner) acted as the engagement partner and provided strategic inputs on the transaction.
DTL and SML were represented by S&R Associates.