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TechLegis Advocates & Solicitors represented New Idea Investment, Beijing Digital Subsidiary

TechLegis Advocates & Solicitors represented New Idea Investment, Beijing Digital Subsidiary

Beijing Digital had taken 60% stake in a joint venture with Omni Ventures Pvt. Ltd, a wholly owned subsidiary of Spice Mobility, for $2.5 million and extend a shareholder loan of an equal amount. Beijing Digital picked the stake through its Singapore-based subsidiary Digitone, run by New Idea Investment. The Indian company will hold the remaining 40% stake in the new venture. Beijing Digital Telecom is a Chinese handset retailer. Salman Waris, Partner TechLegis Advocates and Solicitors along with his team Poonam Saxena, Sharad T and Kunwar Mohd. represented New Idea Investment in the transaction.

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