Khaitan & Co advised India Resurgence Fund, on its acquisition of a significant majority stake in Fine Edge Engineering Private Limited (housing the precision machined castings business of Ashok Iron Works Group).
The core team consisted of Kartick Maheshwari (Partner), Shantanu Gupta (Partner), Debottam Chattopadhyay (Principal Associate), Ifrazunnisa Khan (Principal Associate), Shruti Jaju (Senior Associate), Chaitanya Kishore Sunkara (Associate) with assistance from the following:
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Ancillary corporate matters and closing assistance: Aishwarya Nagpal (Partner), Ashutosh Sharma (Partner), Madhav Chandan (Senior Associate), Hardik Adlakha (Senior Associate), Poojita Saxena (Senior Associate) and Radhika Goenka (Senior Associate);
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Real Estate: Sudheer Madamaiah (Partner), Kartik Shiv Kumar (Counsel) and Shambhavi Kashyap (Associate);
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Competition Law: Anisha Chand (Partner), Soham Banerjee (Counsel) and Yatharth V Singh (Senior Associate);
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Litigation: Sanjeev K Kapoor (Partner), Sneha Janakiraman (Partner), Saloni Gupta (Principal Associate) and Yashwant Gaggar (Senior Associate);
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Employment: Deepak Kumar (Partner) and Varsha Sankara Raman (Senior Associate);
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Data Privacy: Supratim Chakraborty (Partner), Sumantra Bose (Partner) and Shramana Dwibedi (Principal Associate);
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Intellectual Property: Nirupam Lodha (Partner and Malika Nandkeolyar (Principal Associate);
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Energy: Atman Desai (Partner) and Ayushi Chaudhary (Principal Associate).
About IndiaRF: India Resurgence Fund (“IndiaRF”), promoted by Piramal Finance Limited and Bain Capital, currently investing from its second fund, primarily in control situations with a focus on providing effective capital solutions and driving operational transformation for businesses to reach their optimal potential. IndiaRF’s investor base includes global marquee institutional investors and prominent international and domestic family offices. It looks to invest in businesses with fundamentally strong growth prospects including in themes linked to consumption and infrastructure as well as harnessing India’s strong industrial and manufacturing potential.
About Ashok Iron Works: Founded in 1973, Ashok Iron Works Group is a leading Indian manufacturer of precision machined iron castings, catering to a diversified domestic and international customer base. Its manufacturing capabilities include engine blocks and cylinder heads across a wide range of specifications.
