Deal Closed | Sale of Cargill’s Stake in Microland Limited

Sector: IT Infrastructure Management Services  

Signing Date: 28 October 2020 

Completion Date: 27 November 2020 

Name of Client: Cargill Mauritius Limited 

Target companies name and description: Microland Limited 

Target Country: India 

Description of Target: Target is engaged in Information Technology (IT) infrastructure management services. It was incorporated in 1989 as a network systems integrator and is headquartered in Bangalore, India. Microland Limited is mainly into remote infrastructure management and has operations across the globe with presence in the United States of America (USA), United Kingdom (UK) and Middle East. 

Buyer: Microin Services Private Limited 

Deal Description:  Advised Cargill Mauritius Limited in relation to the sale of its entire shareholding (8.7%) in the Target to the buyer (promoter-controlled entity) 

Total Consideration: INR 180.2 million (USD 2.4 million) 

Team Members: The core team comprised Mayank Singh (Partner), Aditya Singha (Principal Associate) and Akarshita Dhawan (Associate) 

Role of Firm: The Firm advised and assisted the Client on the (i) drafting and negotiation of transaction documents; (ii) conditions precedent and closing related actions.