Obeetee Textiles and TWE Group GmbH have formed a 50:50 strategic joint venture.

Fox & Mandal advised the Obeetee Group in this venture. The firm was involved in review/drafting of the joint venture agreement, structuring (FEMA, Tax), negotiations, and assistance in closing and post-closing compliances.

The transaction team consisted of Akshat Pande (Partner & Head of Corporate Practice), Richa Hingle (Senior Associate), Anuja Khandelwal (Associate) and Sadhak Sharma (Associate).

Shardul Amarchand Mangaldas & Co advised the TWE Group on Indian law aspects.

Luther Rechtsanwaltsgesellschaft mbH advised the TWE Group on German law aspects.

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