Deal Closed | 1mg Technologies Private Limited | Internal Restructuring

Sector: ePharmacy 

Announcement Date: 10-Jun-2021 

Completion Date 10-Jun-2021 

Name of Client 1mg Technologies Private Limited

Deal Description: Internal restructuring between 1mg Group entities

Total Consideration: confidential 

Team Members: The core team consisting of Supratim Chakraborty (Partner), Shailendra Bhandare (Partner), Sumantra Bose (Principal Associate), Sourav Dan (Principal Associate), Tashi Gyanee (Associate) and Vivek Singh (Associate) advised on the data privacy, e-commerce, and intellectual property aspects of the transaction. Mayank Singh (Partner), Sanchit Agarwal (Principal Associate), Arjun Bhagi (Principal Associate), Shaima Khan (Senior Associate) and Aayush Thapar (Associate) assisted on the corporate and regulatory aspects of the transaction. Harsh Walia (Partner) and Shobhit Chandra (Principal Associate) assisted on the telecom regulatory aspects of the transaction. 

Role of Firm: We advised the 1mg Group for the internal restructuring between 1mg Group entities which involved the transfer of certain business verticals across group entities. 

Other legal advisors: Vandana Seth, AVP Legal, 1mg Jatin Arora, Senior Legal Counsel: Regulatory and Compliance, 1mg

Innovative Feature of the transaction: The restructuring involved complex advisory across data privacy, intellectual property, and regulatory aspects. This was a challenge given the complex regulatory regime applicable to e-commerce entities, specifically to e-pharmacies.