Centre Lane Partners, LLC, a private investment firm that invests in the equity and debt of middle-market companies in North America has completed its acquisition of Synacor, Inc. (Nasdaq: SYNC, now delisted) and its affiliates, including Zimbra Technology India Private Limited, through a tender offer and subsequent reverse merger. The transaction values Synacor, Inc. at US$92 million. This deal marks the first acquisition for Centre Lane in India. Synacor, Inc. is a leading provider of cloud-based collaboration and identity management software. Majmudar & Partners advised on the Indian law aspects of this deal. The team was led by Partner and Head of the M&A Practice, Rukshad Davar.
Madras High Court balances privacy rights and workplace safety in Covid vaccination case
In the recent ruling of Mr. Gopal Vittal, Bharti Airtel Ltd v. Mr. Kamtci Shankar Arumugam, the Madras High Court has distinguished between the right to privacy of an individual versus the safety rights of a larger group. In this case, the petitioner company wanted...