S&R Associates represented Veritas Capital, a U.S.-based private equity firm, on Indian legal aspects of the acquisition of the digital banking business (rebranded as Candescent) of NCR Voyix Corporation, a listed global provider of cloud-based, digital commerce solutions, for a purchase price of USD 2.45 billion and future additional contingent consideration of up to USD 100 million.
The S&R team was led by partner Sanjeev Adlakha and counsel Kanika Khanna, and included associates Henal Shah, Aakriti Jalota, Prakriti Anand and Pradhumna Mohan Dixit on corporate matters; and partner Sumit Bansal and associates Shivani Chhabra and Ankur Kishanpuria on tax matters.
For reference, please see below a press release in relation to the transaction: