Khaitan & Co advised R Systems International Limited on acquisition of Novigo Solutions
The leading Indian law firm Khaitan & Co advised Blackstone portfolio company, R Systems International Limited (“RSIL”), on its acquisition of 100% of the equity share capital of Novigo Solutions Private Limited (“Novigo”). The acquisition will be completed upon satisfaction of the conditions precedent set out in the transaction documents.
The founders of Novigo also hold compulsory convertible preference shares (“CCPS”) in the company. RSIL may, at a later stage and subject to Board approval, acquire such CCPS in accordance with the terms of the shareholders’ agreement dated 21 August 2025, entered into between Novigo, RSIL, and the founders.
Khaitan & Co’s scope of work included conducting due diligence on the target, as well as drafting and negotiating transaction documents including the shareholders’ agreement and the share purchase agreement.
The transaction Khaitan & Co team was led by Shishir Vayttaden (Partner) and Shweta Sriram (Partner), with support from Riya Sharma (Senior Associate), Radhika Naik (Associate), and Tawishi Beria (Associate).
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