DSK Legal advised HDFC Capital Advisors Limited (“HDFC Capital”) on their investment in Loyalie IT Solutions Private Limited (“Company”) (operating under the brand name ‘Reloy’). 

The Company is a real estate digital amenities and referral solutions provider. It is engaged in in the business of offering marketing schemes and loyalty/reward bonuses to its customers and existing customers of the developers by providing real estate brokering services using iOS and Android based mobile applications.

The scope of work of DSK Legal included: (i) assisting HDFC Capital in the due diligence process; (ii) drafting, revising, negotiating and finalising of the transaction documents; and (iii) reviewing, assisting in completing conditions precedent and Closing of the transaction.

Date of Execution of Documentation: March 16, 2022

Date of Closing: March 16, 2022

DSK Legal team for the above transaction was led by Partner Mr. Hemang Parekh, Counsel Ms. Swati Rout and Associate Ms. Sharmishtha Bharde. Associate Partner Mr. Jayesh Kothari and Associate Mr. Kunal Chopra assisted in the closing process of the transaction.   

The legal due diligence process was led by Associate Partner Mr. Jayesh Kothari, Senior Associate Ms. Harini Sutaria and Associate Mr. Kunal Chopra.

The Company was represented by Economic Laws Practice.