PDS Legal advised Sysquest Pvt Ltd in purchasing a substantial stake in Prolifics from the Kotak group.


The Deal

Sysquest Private Limited is a company with its offices in Hyderabad and engaged in providing information technology services to its clients.

Prolifics Corporation Private Limited (formerly known as Semanticspace Technologies Limited) is a company based in Hyderabad with subsidiaries in the USA.  It is engaged in providing digital consulting, engineering and managed services.

Sysquest purchased a substantial stake in Prolifics from the Kotak group.

There were three Kotak entities that sold their entire shareholding in Prolifics and were provided an exit in the transaction, namely Kotak India Growth Fund II, a venture capital fund registered with SEBI, Kotak India Private Equity Fund, a private equity fund incorporated in Mauritius and Kotak Investment Advisors Limited, a company incorporated in India.

Our Role

PDS Legal advised Sysquest Private Limited  in the transaction as legal advisors. Our role involved drafting, negotiation and finalisation of the underlying transaction documentation as well as assisting with the closing formalities of the transaction.

“Sysquest’s acquisition of shareholding in Prolifics will help them in establishing a foothold in the hyper-competitive IT/ITeS sector.”

Probal Bhaduri | Managing Partner, PDS Legal