New Delhi, November 22, 2024: Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel for IndiQus Technologies in connection with its acquisition by Yotta Data Services, a managed data center service provider owned by the Hiranandani Group. IndiQus Technologies, the parent organization of Apiculus, is a cloud platform provider that collaborates with telecom service providers (Telcos, ISPs, and data center providers) globally, enabling them to build profitable in-country cloud businesses. This strategic acquisition will strengthen Yotta’s capabilities in sovereign cloud and artificial intelligence while reducing its dependence on foreign enterprises.
LKS acted as the legal counsel for IndiQus Technologies and advised on all aspects related to the transaction. The role involved advising on the transaction structure and negotiation and finalization of the transaction documents.
The core LKS team included Mr. Kunal Arora (Partner), Ms. Dikshita Damodaran (Principal Associate), Mr. Archit Gupta (Senior Associate), and Ms. Anusha Mohapatra (Associate).
Yotta Data Services was represented by Khaitan & Co.
