||Automobiles and Components
||1 July 2022
||Name of Client
||Endurance Technologies Limited
||Endurance Technologies Limited | India
||Maxwell Energy Systems Private Limited | India
||Advised Endurance Technologies Limited on their 100% acquisition of Maxwell Energy Systems Private Limited in a staggered manner.
||INR 308 crore (USD 40 million)
||The transaction was led by Prasenjit Chakravarti (Partner) with assistance from Nitish Goel (Partner), Sanjana Bhatnagar (Principal Associate) and Dhairya Kumar Garg (Associate)
||Role of Firm
||Conducting a legal due diligence on Maxwell Energy Systems Private Limited; prepared a note for the client on the FEMA related issues in the proposed transaction; drafting, reviewing, commenting and negotiating the transaction documents; and assisting in signing and closing of the transaction.
||Axis Capital Limited (for the Target company) and Deloitte Touche Tohmatsu India LLP (for Endurance Technologies Limited)
||Other legal advisors if any
||Mehta & Padamsey (for the Target company and the sellers)