Khaitan advises Rinder on acquisition

Khaitan advised Rinder Industrial in relation to acquisition by Minda Industries Limited of the global lighting business of Rinder that manufactures automotive lamps, ie headlamps, tail lamps and small lamps.

The acquisition involves: (i) 100% stake in Rinder India Private Limited; (ii) 100% stake in Light Systems and Technical Center, Spain; and (iii) 50% stake in Rinder Riducu, Colombia for €20m.

Rabindra Jhunjhunwala, Partner; Surbhi Kejriwal, Associate Partner; Kaushik Rajan, Senior Associate and Abhinav Bhatia, Associate advised on the Corporate aspects with assistance from Bijal Ajinkya, Partner and Ritu Shaktawat, Principal Associate on the Direct Tax aspects.