Pioneer Legal acts on Fairfax India's majority stake acquisition in Jaynix Engineering

The majority stake acquisition was made for ₹245 crore.

Fairfax India Holdings Corporation, through its subsidiary, has proposed to acquire 70% equity shares of Jaynix Engineering Private Limited for ₹245 crores.

Pioneer Legal advised Jaynix Engineering in reviewing, revising the negotiating the Investment Agreement, Employment Agreements and preparing and finalising the disclosure schedules.

The transaction team consisted of Satish Kishanchandani (Managing Partner), Pritha Jha (Partner), and Pavana Padmakumar (Associate).

Jaynix Engineering is a company that manufactures non-ferrous electrical connectors and electrical assemblies.

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