HSA assists acquisition of Genxpert Innovations

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HSA

HSA Advocates advised Singapore-based Cacheco when it acquired a 90% stake in Genxpert Innovations, enabling it to enter the Indian commodities trading market.

As Genxpert did not use a legal adviser for the deal, HSA Advocates said it “acted as complete transactional advisers”.

HSA Advocates’ team comprised partner Soumya Kanti De Mallik, and associates Prithviraj Chauhan and Kshitij Gupta.

While no regulatory clearances were required to execute the deal, Mallik told India Business Law Journal that the pandemic and travel restrictions were additional challenges.

The deal was signed on 6 January and closed on 15 October.