{"id":324239,"date":"2024-06-12T18:30:12","date_gmt":"2024-06-12T13:00:12","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=324239"},"modified":"2024-06-12T19:08:16","modified_gmt":"2024-06-12T13:38:16","slug":"khaitan-co-advises-texmaco-rail-and-engineering-limited-in-relation-to-acquisition-of-51-shares-of-saira-asia-interiors-private-limited-from-its-existing-shareholder","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/06\/12\/khaitan-co-advises-texmaco-rail-and-engineering-limited-in-relation-to-acquisition-of-51-shares-of-saira-asia-interiors-private-limited-from-its-existing-shareholder\/","title":{"rendered":"Khaitan & Co advises Texmaco Rail and Engineering Limited in relation to acquisition of 51% shares of Saira Asia Interiors Private Limited from its existing shareholder"},"content":{"rendered":"
\n

DEAL DETAILS<\/p>\n\n\n\n<\/colgroup>\n\n\n
\n

Texmaco Rail and Engineering Limited | 51% acquisition of Saira Asia Interiors Private Limited<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Khaitan & Co advised and assisted Texmaco Rail and Engineering Limited (“Texmaco<\/span>”) in relation to acquisition of 51% shares of Saira Asia Interiors Private Limited (“Saira<\/span>”) from its existing shareholder, i.e., Emobility Design and Innovation Private Limited (“Seller<\/span>”). Post closing, Saira would become a subsidiary of Texmaco and shall be operated as joint venture.<\/p>\n

The core transaction team consists of Shourya Sengupta (Partner), Vibhav Seth (Senior Associate), Shramana Dwibedi (Senior Associate), Karishma Sethia (Associate), Joysurjo Roy (Associate) and Unnati Khanna (Associate).<\/p>\n

Intellectual Property aspects: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate) and Vaishali Adhikari (Associate).<\/p>\n

We acted as the transaction counsel to Texmaco and our responsibilities were as follows:<\/p>\n

    \n
  1. \n

    Conducting a legal due diligence exercise on Saira;<\/p>\n<\/li>\n

  2. \n

    Drafting, negotiating, finalising and execution of the transaction documents;<\/p>\n<\/li>\n

  3. \n

    Assisting and advising on all execution, pre-completion and completion related formalities.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    DEAL DETAILS Texmaco Rail and Engineering Limited | 51% acquisition of Saira Asia Interiors Private Limited Khaitan & Co advised and assisted <\/p>\n","protected":false},"author":8808,"featured_media":324250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[69752,6791,69750,69751,69749],"class_list":["post-324239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-existing-shareholder","tag-khaitan-co","tag-saira-asia-interiors-private-limited","tag-texmaco","tag-texmaco-rail-and-engineering-limited"],"yoast_head":"\nKhaitan & Co advises Texmaco Rail and Engineering Limited in relation to acquisition of 51% shares of Saira Asia Interiors Private Limited from its existing shareholder | SCC Times<\/title>\n<meta name=\"description\" content=\"Khaitan & Co 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