SAM, Kanga act on Texmaco’s acquisition of 55% stake in Bright Power

Bar & Bench January 13 2016

Texmaco Rail & Engineering Limited has purchased 55% shareholding from the promoters of Bright Power Projects (India) Private Limited for an undisclosed value.

A team from Shardul Amarchand Mangaldas acted for Texmaco, through a team comprising Partner Kalpataru Tripathy, Senior Associates Navin Kumar and Aditya Mehra, and Associate Roma Das.

Kanga & Co., led by Partner Preeti Mehta represented the promoters of Bright Power.

Following the stake purchase, Bright Power has become a subsidiary of Texmaco Rail . . .

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