Khaitan & Co advised FIT 3PL Warehousing Pvt Ltd (a wholly owned subsidiary of TVS Supply Chain Services Ltd) on the execution of definitive agreements for the proposed acquisition of a 100% stake in Swamy & Sons 3PL Pvt Ltd.
The transaction contemplates the consolidation of Swamy Sons Group of Companies logistics and warehousing businesses into Swamy & Sons 3PL Pvt Ltd followed by a two tranche acquisition of Swamy & Sons 3PL Pvt Ltd through a combination of primary and secondary acquisition of securities.
The Firm was involved on all aspects of the transaction, including conducting a limited legal due diligence on the target, drafting, negotiating, and finalizing transaction documents.
The deal was assisted by:
Intellectual Property: Sourav Dan (Counsel), Shouraseni Chakraborty (Associate).
Employment, Labour & Benefits: Srishti Ramkrishnan (Counsel), Ajay Kranthi Kothwal (Associate), Shaaryl Dsouza (Associate)
Corporate & Commercial: Sumantra Bose (Counsel), Himeli Chatterjee (Associate), Mayank Barman (Associate), Rexey Soosan Sabu (Associate)
Dispute Resolution: Vaishnavi Subrahmanyam (Principal Associate)
Real Estate: Darsha Prakash (Associate), Hemangini Srinidhi (Associate)
The core team consisted of Vivek Sriram (Partner), Varun Narayan (Partner), Karthik Sridhar (Senior Associate), Aanchal Kapoor (Associate), Akhila Deekshitha Baddepudi (Associate)