Khaitan & Co Advised Siemens Limited On Sale And Transfer Of Low Voltage Motors And Geared Motors Businesses To Innomotics India Private Limited

Khaitan & Co Advised Siemens Limited on Sale and Transfer of Low Voltage Motors and Geared Motors Businesses to Innomotics India Private Limited

The leading law firm in India, Khaitan & Co advised Siemens Limited in relation to the sale and transfer of its low voltage motors and geared motors businesses, including the related customer service operations, to Innomotics India Private Limited, a global leading provider of electric motors and large drive systems.

The transaction was structured as a going concern slump sale, for a consideration (enterprise value) of INR 2,200 crore on a cash-free, debt-free basis, subject to mutually agreed adjustments.

The Khaitan & Co core transaction team advising Siemens Limited was led by Niren Patel (Partner) and included Arindam Ghosh (Partner), Shashank Patil (Counsel), Aman Bagaria (Senior Associate), and Vinita Jagtiani (Associate).

The Khaitan & Co Employment law aspects: Khaitan & Co advised on employment-related matters through Anshul Prakash (Partner) and Abhisek Choudhury (Principal Associate).

The Khaitan & Co Competition law aspects: The Firm advised on competition law matters with Anshuman Sakle (Partner), Anisha Chand (Partner), Tanveer Verma (Principal Associate), Yatharth Vardhan Singh (Senior Associate), and Shubhanshu Jain (Associate).

The Khaitan & Co Direct tax aspects: Khaitan & Co advised on direct tax matters through Rahul Jain (Partner).

The Khaitan & Co W&I insurance aspects: The Firm advised on warranties and indemnities insurance aspects with Harsh Khemka (Partner).

Khaitan & Co advised Siemens Limited on the entire transaction, including transaction structuring, preparation, negotiation and finalisation of the slump sale agreement and other transaction documents, as well as regulatory and listed company aspects.

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