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The transaction is subject to regulatory approvals and shareholder and creditor approvals will be sought for the amalgamation.
The business transfer agreement was signed on August 17, 2026; and closing of the sale is subject to completion of the conditions set out under the business transfer agreement.
Cyril Amarchand Mangaldas advised Saints & Masters Private Ltd. on its strategic buyout of Xencia, a leading Cloud Solution Provider.
The Transaction is structured as an interconnected multi-jurisdictional acquisition, with simultaneous closing across jurisdictions.
Following the transaction, Arai Solutions has become a wholly owned subsidiary of IKS.
Shardul Amarchand Mangaldas & Co.acted as the legal advisor to Reddy Investment Trust on the sale of certain shares held by it in Aragen Life Sciences.