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.
