DSK Legal Advised Pitti Engineering On Acquisition Of Bagadia Chaitra Industries
DSK Legal Advised Pitti Engineering On Acquisition Of Bagadia Chaitra Industries
DSK Legal assisted and advised Pitti Engineering Limited (the Company) in its acquisition of 100% shareholding of Bagadia Chaitra Industries Private Limited from its existing promoters.
Pitti Engineering, a listed company specializing in manufacturing iron and steel products, focuses on producing electrical steel laminations, motor cores, sub-assemblies for industrial applications, die-cast rotors, and press tools.
Bagadia Chaitra Industries, is involved in manufacturing motor and generator components, including sub-assemblies. DSK Legal's scope of work on the transaction included conducting legal due diligence, drafting, reviewing, negotiating, and finalizing the share purchase agreement and employment agreement, and assisting in reviewing conditions precedent and closing the transaction.
The DSK Legal team, led by Partner Siddharth Suresh and Senior Associates Ananya Madhusudan and Prateek Kumar Singh, under the guidance of Partner Srinivas B.R., played crucial role in the transaction.
Transaction Square served as the financial advisor to Pitti Engineering Limited, while Cyril Amarchand Mangaldas represented Bagadia Chaitra Industries.
