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Nishith Desai Associates: Deal Corner

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Nishith Desai Associates: Deal Corner

Posted by By at 9 January, at 13 : 50 PM Print


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January 09, 2018

Stride Gaming Plc acquires 51% stake in Rummy Passion

DEAL BRIEF

Stride Gaming Plc, a company listed on London Stock Exchange, has acquired 51% stake in Passion Gaming Private Limited for USD 3.75 million.

Stride Gaming Plc is a leading online gaming operator.

Passion Gaming Private Limited is an innovative online gaming company providing and offers its premier product “Rummy Passion” through its online portal.

OUR ROLE

We, at Nishith Desai Associates, acted as the legal, tax and regulatory counsel to Stride Gaming Plc on this transaction.

PRESS COVERAGE

Press coverage in relation to the transaction is available at Times of India and VCCiRCLE.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient’s country/state.

 This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender’s contact information, which this mail does. In case this mail doesn’t concern you, please unsubscribe from mailing list.

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Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

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