JSA advised L&T Semiconductor Technologies Limited, a subsidiary of Larsen & Toubro Limited in its 100% acquisition of Siliconch Systems Private Limited (“Siliconch”).

Siliconch is a fabless semiconductor design company which develops System-on-Chip IP and has 30 granted patents across geographies.

The acquisition cost consisted of an upfront amount of INR 133 crore paid at closing, subject to customary closing adjustments; and a deferred amount of INR 50 crore payable over four years, subject to closing adjustments and achievement of certain targets and other conditions.

Deal value: ~USD 21.8 million/ INR 183 crore

Firm’s Transaction Team involved Venkatesh Raman Prasad, Partner; Ronak Ajmera, Partner; Ankita Jain, Principal Associate; Sweta Singh, Principal Associate; Jatin Talwar, Senior Associate; Udit Rao, Associate; Nishka Tyagi, Associate.

Firm’s Competition Team involved Vaibhav Choukse, Partner; Ela Bali, Partner; Aditi Khanna, Senior Associate;

Team assisted on signing/ closing processes involved Gerald Manoharan, Partner; Sonakshi Das, Partner; Prerana Damaraju, Senior Associate.