Texmaco Rail & Engineering Limited has acquired all of the rights, title and interest of Jindal Rail Infrastructure Limited held by the existing security holders of JRIL for approximately ₹614 crore after making adjustments at closing in accordance with the transaction documents.
Shardul Amarchand Mangaldas & Co advised Texmaco on this acquisition deal.
The transaction team was led by Karun Prakash, Partner, Sakshi Mehra, Partner, Anshul Chopra, Principal Associate, Amrusha Monga, Senior Associate, Ayush Sharma, Associate.
The due diligence team consisted of the Partners Karun Prakash, Sakshi Mehra, Pooja Ramchandani , Mrinal Kumar, Shrutikirti Kumar, Ritwik Bhattacharya, Binsy Susan, Akshay Sharma, Apoorva Murali and Anshul Chopra. Team consisted of Principal Associates, Arnav Sahni, Suryansh Gupta and Amrusha Monga. Senior Associates included Indira Shanker Reddy and Associates Ayush Sharma, Vaishnavi Singh, Aviral Arun, Aman Gupta, Istuti Kapoor, Shalini Prem, Shivek Sahai Endlaw, Palak Kaushal, Ayushi Thakur and, Arijeet Shukla.
JRIL has leading capabilities in research and design and specializes in manufacturing commodity specific special purpose wagons primarily for the private sector in India.
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