JSA, DSK act on Greaves Cotton acquisition of Excel Controlinkage

The deal is valued at ₹385 crores ($46.9 million).
Greaves
Greaves
Published on
2 min read

Greaves Cotton Limited (GCL) is set to make a multi-tranche acquisition of Excel Controlinkage Private Limited (Excel).

GCL has entered into definitive agreements with Excel and its existing shareholders, whereby GCL would first purchase a 60% stake in Excel, followed by future tranches for the purchase of remaining shares from the current promoters of Excel. The deal is valued at ₹385 crores ($46.9 million).

J. Sagar Associates advised GCL in this deal.

The JSA team consisted of Saurya Bhattacharya (Partner), Soham Roy (Senior Associate), Garima Sharma (Senior Associate), Thomas G Kolath (Associate) and Megha Kumari (Company Secretary).

Saurya Bhattacharya
Saurya Bhattacharya

They were assisted by the Greaves Cotton Limited Team which consisted of Atindra Basu (GC & Company Secretary), Kanika Shukla (Assistant General Manager - Legal), Fredrick Pinto (Dy Company Secretary) and Juzer Masta (Asst Company Secretary).

Atindra Basu
Atindra Basu

DSK Legal acted for Excel Controlinkage and its promoters in (i) reviewing, revising, negotiating and finalizing the transaction documents including the binding term sheet, the share purchase agreement and the shareholder’s agreement; and (ii) assisting in the execution of the transaction documents. Going forward, the firm will be involved in closing of various tranches of the transaction including assisting in fulfillment of conditions precedent and other completion deliverables.     

The team was led by Partner Kunal Mehra along with Principal Associate Danish Khan and Associate Aakrit Aditya Sharma.

Kunal Mehra
Kunal Mehra

Singhi Advisors acted as the investment bankers to Excel and its Promoters

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.

Bar and Bench - Indian Legal news
www.barandbench.com