J. Sagar Associates advised and assisted Metarain Distributors Private Limited (Myra) and its promoters, in connection with the 100% acquisition of the shares of Myra by Medlife International Private Limited (Medlife).

Myra is a Bangalore based online start up focusing on the online delivery of medicines. Medlife is a health-tech company focusing on online medicine delivery, online doctor consultation and laboratory services. Myra’s investors included Times Internet Limited, Matrix and Dream Incubator Inc.

The acquisition will be completed pursuant to two closings, and the structure contemplates a share swap mechanism as well. The transaction documents have been executed and the first closing has been completed.

JSA Team comprised of Partner Archana Tewary and Associates Vandana Venkatesh and Vignesh Shanmugam.