Triton has sold its majority shareholding in the Target Companies to Apollo-managed funds. As part of the transaction, Triton also indirectly sold its shareholding in Kelvion India Private Limited (“Kelvion India”). Triton will maintain a minority interest in Kelvion.
The transaction team was led by Siddharth Vedula, Partner; with support from Bhavya Arya, Kanishka Iyer, and Naomi Manoj, Associates.
Bishen Jeswant, Partner; with assistance from Soumyashree Chowdhury, and Rohini Dayalan, Senior Associates; advised on employment aspects of the transaction.