In a strategic move to diversify its portfolio, Texmaco Rail and Engineering Limited recently secured a significant acquisition deal. The Kolkata-based conglomerate finalized the acquisition of 51% shares of Saira Asia Interiors Private Limited, marking a significant step towards expanding its foothold in the interior design sector.
Khaitan & Co, a leading legal advisor, played a pivotal role in facilitating this landmark agreement. The acquisition, orchestrated by Texmaco, involved the purchase of shares from the existing shareholder, Emobility Design and Innovation Private Limited.
Upon completion of the transaction, Saira will transition into a subsidiary of Texmaco, slated to operate as a joint venture, promising synergistic opportunities for both entities. This strategic maneuver is anticipated to amplify Texmaco’s presence in the burgeoning interior design landscape, presenting avenues for innovation and growth.
The core transaction team spearheading this endeavor comprises seasoned professionals including Shourya Sengupta, Vibhav Seth, Shramana Dwibedi, Karishma Sethia, Joysurjo Roy, and Unnati Khanna. Furthermore, the Intellectual Property facet was meticulously overseen by Shailendra Bhandare, Sourav Dan, and Vaishali Adhikari, ensuring comprehensive legal diligence and seamless execution.
Khaitan & Co’s involvement spanned a spectrum of responsibilities, ranging from conducting thorough legal due diligence on Saira to drafting, negotiating, and finalizing transaction documents. The team also provided invaluable counsel throughout the execution process, navigating pre-completion formalities with finesse.
This strategic acquisition not only fortifies Texmaco’s market position but also underscores its commitment to diversification and innovation. As Texmaco embarks on this new venture, guided by Khaitan & Co’s expertise, it paves the way for a dynamic and promising future in the realm of interior design and engineering.
