Amarchand advises Tulip Telecom

January 25, 2011 Tulip Data Centre Services Private Limited, a wholly owned subsidiary of Tulip Telecom Limited has acquired a data centre facility in Bengaluru for Rs. 230 crore ($50 million ) by acquiring 100 percent equity shareholding of Sada IT Parks Private Limited, which houses the data centre facility.

Amarchand & Mangaldas advised Tulip Telecom and Tulip Data Centre with a team led by Kolkata Partner Kalpataru Tripathy along with Senior Associate Arindam Sarkar and Associate Soumya Banerjee.

Speaking about the transaction, Partner Kalpataru said, “The acquisition structure and steps underwent numerous changes owing to circumstances, and it was always interesting to keep improvising and innovating to keep up with the dynamic business requirement”.

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