|Deals & Matters|
|9 March 2022|
Kochhar & Co. advised UK-based integrated manufacturing-services and power products company, Volex plc on its acquisition of majority stake in inYantra Technologies Pvt Ltd, an electronics design and manufacturing services company for USD 13 million (approx. INR 100 crore).
The transaction entailed subscription to fresh equity issued by inYantra Technologies as also purchase of equity from the existing shareholders, by Volex plc through its Indian subsidiary.
The Kochhar team comprising its Mumbai Resident Head & Senior Partner Rajarshi Chakrabarti, Partner Sameena Jahangir, Principal Associate Suresh Palav, Senior Associate Anushree Aditi, Associates Mehnaz Hussain Gaind and Sneha Bhagwat advised Volex plc in the acquisition transaction. Our role included conducting comprehensive due diligence, drafting, negotiating, and finalizing transaction documents and all other legal formalities in relation to the transaction. The Kochhar team also assisted the client in structuring the deal and funding the Indian subsidiary.
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