AZB & Partners advised NTT Ltd. on the sale of its majority stake in Nihilent Limited

AZB & Partners advised NTT Ltd. on the sale of its majority stake in Nihilent Limited (Nihilent) in a leveraged buyout to Arcalis Technologies Private Limited, a management-controlled entity. Nihilent offers consulting services and IT solutions to customers in the banking, media, retail, health-care and manufacturing industries and has presence in South Africa, India, US, Sweden, UK and Australia. Our deal team comprised our Senior Partner Nandish Vyas, Counsel Abhilash Chandran, Associates Vyoma Mehta and Meghna Somani. They were supported by our Partner Nandan Pendsey, Esq., Senior Associates Sudeshna Panigrahi and Madhur Khandelwal, and Associates, Aayushi Rout, Rimjhim Mishra and Devavrat Nimbalkar on the due diligence aspects.