Khaitan & Co advised Airgate Holdings Limited (“Airgate”) in relation to acquisition of 31.7% stake in ABEC Exhibitions & Conferences Private Limited (ABECPL).
This is in addition to the minority stake of 28.3% that was acquired in 2012 and takes the total holding of Airgate Holdings Limited in ABECPL to 60%. Airgate is part of ITE Group PLC. ITE Group PLC is one of the world’s leading organisers of international trade exhibitions and conferences and specialise in organising events in growing and developing markets.
Prasenjit Chakravarti, Associate Partner; Aditya Patni, Principal Associate and Aishwarya Nagpal, Associate advised on the Corporate aspects with assistance from Daksha Baxi, Executive Director and Ritu Shaktawat, Principal Associate on the Direct tax aspects and Adheesh Nargolkar, Partner and Shailendra Bhandare, Principal Associate on the Intellectual Property aspects.