Khaitan & Co advised TT Electronics PLC on acquisition of the Indian subsidiary of TS&C Division by AVX Limited. The TS&C Division of TT Electronics PLC designs, develops, manufactures and markets sensors for temperature, position, and speed, including exhaust/emission control sensors.
The core transaction team included Rabindra Jhunjhunwala (Partner) and Pranay Bagdi (Senior Associate) with assistance from the following:
- Employment aspects: Anshul Prakash (Partner)
- Real Estate aspects: Yigal Gabriel (Associate Partner) and Arindam Bhattacharjee (Associate)
- Direct tax aspects: Sanjay Sanghvi (Partner) and Surajkumar Shetty (Principal Associate)
- Corporate aspects: Ayush Nanda (Associate)