Deal involved (i)the amalgamation of Birlasoft with KPIT; (ii) the demerger of the engineering business of the combined KPIT Birlasoft entity (“Combined KPIT”) into its wholly owned subsidiary (“KEL”), which will be listed thereafter. It involved (i) Acquisition of Birlasoft business by KPIT; (ii) Acquisition of KPIT shares by Birlasoft, Birlasoft promoters and KPIT promoters; (iii) Acquisition of KPIT’s engineering business by KEL; (iv) Acquisition of KEL shares by KPIT promoters. Prior to the proposed merger, Birlasoft and its promoters will also become promoters of KPIT and make an open offer along with KPIT promoters. After the proposed demerger, KPIT’s promoters will acquire substantial shareholding in KEL from Birlasoft’s promoters and make an open offer for KEL’s shares.Key takeaways of the deal were (i) Merger of Birlasoft (India) Limited (“Birlasoft”) with KPIT; (ii) Demerger of engineering business of KPIT into KPIT Engineering Limited (“KEL”); (iii) Open offers to be made for shares of KPIT and KEL. Concerned Partner involved were Rahul Rai along with Gaurav Bansal, Senior Associate and Shivam Jha, Associate.