DSK Legal advises Appnit Tech regarding investment by DMI Finance

LE Desk

New Delhi, March 31, 2022: DSK Legal has advised Appnit Technologies Private Limited, its Promoters and existing investors in relation to acquisition of a controlling stake by way of primary and secondary investment in the Company by DMI Finance Private Limited. 

DSK Legal advised inter alia on drafting, reviewing, negotiating, and finalizing of Transaction Documents and providing assistance in closing of the Transaction, the Law firm said in a press statement.

The DSK Legal team representing Appnit Technologies Private Limited on the Transaction comprised of Rishi Anand (Partner), Nakul Batra (Associate Partner) and Snigdha Prakash (Associate), it said.

Appoint Technologies holds a semi-closed wallet license from the Reserve Bank of India (RBI) by the name of Oxymoney and is engaged in the business of product development in payments technologies, including providing integrated payment processing platform.  

DMI Finance was represented by Amicus Advocates & Solicitors, the statement said.