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K Law acts on Tejas Networks acquiring 64% shares in Saankhya Labs

The deal amounted to US$37.4 million

Bar & Bench

Tata Group's firm Tejas Networks Limited has acquired 64% shares in Saankhya Labs Private Limited in an all-cash deal, amounting to US$37.4 million.

K Law advised Saankhya Labs' major shareholder One Media 3.0, LLC on the deal, and assisted with drafting, multiple rounds of negotiation and finalization of the transaction documents.

The transaction team consisted of Shwetambari Rao (Senior Partner), Christopher Rao (Associate Partner), Samiksha Sisodiya (Senior Associate), Reuel Wilson (Associate).

The transaction coincides with the Tata Group's efforts to find land for a $300 million semiconductor manufacturing facility and its discussions with various state governments. The facility will be utilized for contract manufacturing and testing of semiconductors.

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