Khaitan & Co advises Foliage on acquisition by Altran Solutions
Khaitan & Co has advised Foliage Software Systems Business Trust in relation to its acquisition by Altran Solutions Corp, a Massachusetts corporation of Foliage, and in turn the acquisition of Vignani Technologies, being a subsidiary of Foliage.
Partner Aakash Choubey led the transaction and advised on the corporate aspects with assistance from executive director Daksha Baxi on the direct tax aspects.
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ERGO Perspective: HMA dispute resolution in India; indemnities in cross-border M&A transactions; and more
The current difficult operating environment in India is straining owner/operator relationships and is conducive of disputes.
The Consolidated FDI Policy was released by the Department of Industrial Policy and Promotion and the Ministry of Commerce and Industry on 17 April 2013.