mercator made an offer to acquire 25.3% stake in Accelya Kale Solutions Limited (NSEI:ACCELYA) from public shareholders for INR 4.7 billion on February 4, 2017. As per the terms of agreement mercator will acquire 3.7 million shares at offer price of INR 1,250 per share. In a related transaction, mercator entered into an agreement to acquire Accelya Holding World S.L. from Accelya Holding SA on February 4, 2017. The offer is not conditional upon any minimum level of acceptance. The tender offer period will commence on March 31, 2017 and close on April 17, 2017. As reported on April 21, 2017, the tender offer period will commence on April 26, 2017 and close on May 11, 2017. Amish Thakkar of Citigroup Global Markets India Private Limited acted as manager to offer, Bansi S. Mehta & Co., V.C. Shah & Co. Chartered Accountants and BDO India LLP acted as an accountant and M. Murali Krishna of Karvy Computershare Private Limited acted as registrar to the offer and transfer agent for Accelya in the transaction. Price Waterhouse & Co LLP and Keynote Corporate Services Ltd. acted fairness opinion providers in the transaction and they provided the opinion on the transaction as of March 25, 2017 as fair and reasonable. CITIBANK, N.A. acted as escrow agent. Rachana Singh of Citigroup Global Markets India Private Limited acted as broker for the offeror. Richard Hunt and Carly Gulliver of Squire Patton Boggs acted as legal advisors for Accelya Kale Solutions Limited.