LegaLogic Consulting advised Allygrow Technologies in 100% equity stake sale transaction to Ceinsys Tech Limited for a total consideration of around Rs. 68 Crores

We are pleased to announce that LegaLogic Consulting advised Allygrow Technologies (http://www.allygrow.com/) in 100% equity stake sale transaction to Ceinsys Tech Limited (https://www.ceinsys.com/) for a total consideration of around Rs. 68 Crores.

Post completion of this acquisition, Allygrow Technologies will become wholly owned subsidiary of Ceinsys Tech Limited. https://www.equitybulls.com/admin/news2006/news_det.asp?id=304122

LegaLogic (www.LegaLogic.co.in) was the sole legal counsel for Allygrow and advised on structuring the transaction, assistance on due diligence and negotiation and finalization of deal documentation.

Commenting on the transaction, Prashant Kamat, Chief Executive Officer, Allygrow said, “We are delighted to partner with Ceinsys and the Meghe group on our journey of building a leading specialized engineering services entity. This strategic partnership indeed is an important milestone in Allygrow’s journey & as the entire engineering services space reaches an inflection point, together we are plan to leverage this opportunity. We are also glad that in this process we were guided by an able partner LegaLogic whose quick turnaround and technical legal advisory helped us to conclude the transaction in a short time span.”