Khaitan& Co. advised Birlasoft (India) Limited and its Promoters – National Engineering Industries Limited and Central India Industries Limited in relation to the overall transaction, including the (i) Open offer by promoters of KPIT Technologies Limited (KPIT) and Birlasoft to KPIT’s public shareholders for acquiring up to 26% of KPIT’s share capital; (ii) Merger of Birlasoft into KPIT; and (iii)Demerger of the Engineering Business from KPIT into KPIT Engineering Limited

The core transaction team for the overall transaction comprised of HaigreveKhaitan (Partner), Niren Patel (Partner), Ashraya Rao (Principal Associate), SaswatSubasit (Senior Associate) and Aparajita Chakraborty (Associate) with assistance from the various other teams.

Arindam Ghosh (Partner), MoinLadha (Associate Partner), Arpita Anand (Associate) and Shashank Patil (Associate) advised on open offer. Daksha Baxi (Executive Director), Vinita Krishnan (Associate Director), Surajkumar Shetty (Principal Associate), Shabnam Shaikh (Principal Associate), Jimmy Bhatt (Senior Associate) and Ankit Namdeo (Associate) advised on Direct Tax

AvaantikaKakkar (Partner), Kirthi Srinivas (Senior Associate) and Balaji Venkatakrishnan (Associate) advised on Competition Law

Nupur Pandit (Associate), Enakshi Jain (Associate) and MadhusmitaDeept (Associate) advised on due diligence aspects.

Firm advised Birlasoft and the Birlasoft Promoters (National Engineering Industries Limited and Central India Industries Limited) on: (i) structuring of the overall transaction, (ii) drafting, negotiating and finalization the transaction documents, (iii) the open offer process and related documents, (iv) tax, competition and limited merger related aspects; and (v) limited due diligence on KPIT’s ITSS Business.