Khaitan & Co has advised Larsen & Toubro Infotech Limited (‘’LTI’’) in relation to:
– offshore acquisition: the 100% acquisition of Syncordis S.A. (Luxembourg) from its shareholders through its wholly owned subsidiary, Larsen & Toubro Infotech GmbH (Germany); and
– onshore acquisition: 100% direct acquisition of Syncordis Software Services India Private Limited from Syncordis S.A. The total deal value for both onshore and offshore acquisitions is €28.5m.
Niren Patel (Partner) led the transaction with assistance from Aayush Misra (Senior Associate), Vijeta Kanabar (Associate), Shivam Arora (Associate), Vidur Sinha (Senior Associate) and Kaustubh Rastogi (Associate).