In a complex two-tier deal, CK Birla Group-owned Birlasoft and KPIT will be merged to create a $700-million entity..The combined entity will be demerge into two separate companies – Birlasoft, a $500 million enterprise digital IT services company, and KPIT Technologies, a $200 million company providing automotive engineering and mobility solutions..Khaitan & Co advised Birlasoft and the team was led by Partners Haigreve Khaitan and Niren Patel along with Principal Associate Ashraya Rao, Senior Associate Saswat Subasit and Associate Aparajita Chakraborty..The other team members from Khaitan are:.On Open offer: Arindam Ghosh (Partner), Moin Ladha (Associate Partner), Arpita Anand (Associate) and Shashank Patil (Associate).Direct Tax: Daksha Baxi (Executive Director), Vinita Krishnan (Associate Director), Surajkumar Shetty (Principal Associate), Shabnam Shaikh (Principal Associate), Jimmy Bhatt (Senior Associate) and Ankit Namdeo (Associate).Competition Law: Avaantika Kakkar (Partner), Kirthi Srinivas (Senior Associate) and Balaji Venkatakrishnan (Associate).Due Diligence: Nupur Pandit (Associate), Enakshi Jain (Associate) and Madhusmita Deept (Associate).AZB & Partners advised KPIT and the KPIT Promoters on the transaction with a team led by Partners Ashwath Rau and Kashish Bhatia..Baker & McKenzie advised Birlasoft on limited due diligence aspects relating to KPIT’s offshore subsidiaries in the United States with a team led by Partners Peter Wand and Craig Lilly..Image taken from here.
In a complex two-tier deal, CK Birla Group-owned Birlasoft and KPIT will be merged to create a $700-million entity..The combined entity will be demerge into two separate companies – Birlasoft, a $500 million enterprise digital IT services company, and KPIT Technologies, a $200 million company providing automotive engineering and mobility solutions..Khaitan & Co advised Birlasoft and the team was led by Partners Haigreve Khaitan and Niren Patel along with Principal Associate Ashraya Rao, Senior Associate Saswat Subasit and Associate Aparajita Chakraborty..The other team members from Khaitan are:.On Open offer: Arindam Ghosh (Partner), Moin Ladha (Associate Partner), Arpita Anand (Associate) and Shashank Patil (Associate).Direct Tax: Daksha Baxi (Executive Director), Vinita Krishnan (Associate Director), Surajkumar Shetty (Principal Associate), Shabnam Shaikh (Principal Associate), Jimmy Bhatt (Senior Associate) and Ankit Namdeo (Associate).Competition Law: Avaantika Kakkar (Partner), Kirthi Srinivas (Senior Associate) and Balaji Venkatakrishnan (Associate).Due Diligence: Nupur Pandit (Associate), Enakshi Jain (Associate) and Madhusmita Deept (Associate).AZB & Partners advised KPIT and the KPIT Promoters on the transaction with a team led by Partners Ashwath Rau and Kashish Bhatia..Baker & McKenzie advised Birlasoft on limited due diligence aspects relating to KPIT’s offshore subsidiaries in the United States with a team led by Partners Peter Wand and Craig Lilly..Image taken from here.