Khaitan & Co has provided legal advice to Hindustan Composites Ltd regarding a ₹370 crore slump sale of its friction business to Rane (Madras) Limited. The transaction involved extensive due diligence and consultation.
Khaitan & Co guides Hindustan Composites in ₹370 crore sale
Khaitan & Co has successfully advised Hindustan Composites Limited on the sale of its friction business through a slump sale to Rane (Madras) Limited for a total consideration of ₹370 crore.
The core transaction team included partners and associates skilled in various legal areas. Key personnel such as Kapish Mandhyan, Tanya Singh Shah, and Deep Shah led the advisory, while litigation and real estate aspects were handled by respectively designated partners and associates, highlighting the multidisciplinary approach taken by Khaitan & Co in this transaction.
This sale exemplifies the ongoing dynamics of corporate transactions in India and underscores the need for specialized legal advice in complex business dealings, ensuring that practitioners remain abreast of transaction structuring and regulatory compliance.
