Cyril Amarchand Mangaldas has advised Dixon Technologies (India) Limited in relation to the acquisition of 51% shareholding in Kunshan Q Tech Microelectronics (India) Limited (“Q Tech India”) by way of a combination of primary and secondary investment.
The Transaction involved undertaking legal due diligence on QTech India and execution of the transaction documents - the share subscription & purchase agreement and the shareholders’ agreement.
The transaction team was led by Akila Agrawal, Senior Partner; and Navin Kumar, Partner; with assistance from Udyan Shrivastava, Principal Associate; Meha Tandon, Senior Associate; and Isha Choudhary, Associate.
The corporate due diligence was led by Agrawal, Senior Partner and Kumar, Partner; with assistance from Udyan Shrivastava, Principal Associate; Meha Tandon, Senior Associate; Isha Choudhary, Associate, Shailendra Shukla, Associate; and Tanya Shukla, Associate.
The employment due diligence was led by Sowmya Kumar, Partner; with assistance from Luv Saggi, Principal Associate; and Jay Bhaskar, Associate.
The intellectual property and data protection due diligence was led by Swati Sharma, Partner (Head - Intellectual Property); with assistance from Rohin Koolwal, Principal Associate; and Anoushka Chauhan, Associate.
Vijay Pratap Singh Chauhan, Partner; with support from Vrinda Gundam, Associate; Vanya Agarwal, Associate; and Kartik Agrawal, Associate; advised on competition law related aspects of the transaction and filing of green channel notice with CCI.
Upon the consummation of the Transaction, Dixon holds 51% shareholding and Q Technology (Singapore) Private Limited holds 49% shareholding in Q Tech India.
The transaction was executed for the purposes of collaboration in manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things, systems and automotive applications.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.