10 September 2024 | New Delhi: Shardul Amarchand Mangaldas & Co. advised Texmaco Rail & Engineering Limited (“Texmaco”) on Texmaco’s acquisition of all of the rights, title and interest in all of the securities of Jindal Rail Infrastructure Limited (“JRIL”) held by the existing security holders of JRIL. Texmaco has paid a consideration of approx. INR 614 Crores after making adjustments at closing in accordance with the transaction documents.

JRIL has leading capabilities in research and design and specializes in manufacturing commodity specific special purpose wagons primarily for the private sector in India.

The transaction team was led by Karun Prakash, Partner, Sakshi Mehra, Partner, Anshul Chopra, Principal Associate, Amrusha Monga, Senior Associate, Ayush Sharma, Associate.

The due diligence team was led by Karun Prakash, Partner, Sakshi Mehra, Partner, Pooja Ramchandani, Partner, Mrinal Kumar, Partner, Shrutikirti Kumar, Partner, Ritwik Bhattacharya, Partner, Binsy Susan, Partner, Akshay Sharma, Partner, Apoorva Murali, Partner, Anshul Chopra, Principal Associate, Arnav Sahni, Principal Associate, Suryansh Gupta, Principal Associate, Amrusha Monga, Senior Associate, Indira Shanker Reddy, Senior Associate, Ayush Sharma, Associate, Vaishnavi Singh, Associate, Aviral Arun, Associate, Aman Gupta, Associate, Istuti Kapoor, Associate, Shalini Prem, Associate, Shivek Sahai Endlaw, Associate, Palak Kaushal, Associate, Ayushi Thakur, Associate, Arijeet Shukla, Associate.

Texmaco was advised by Ernst & Young India on tax and financial matters.

About Shardul Amarchand Mangaldas & Co:

Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance. The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 800 lawyers including 182 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.

 

For further information, please contact –

Nishant Venkat
M: +91 9971649666
Email: nishant.venkat@amsshardul.com

Prerna Gagerna
M: +91 9971217153
Email: prerna@avianwe.com