Khaitan, CAM advise on Simon merger with V-Guard

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Khaitan,-CAM-advise-on-Simon-merger-with-V-Guard-L

Khaitan & Co advised Spain’s Simon Group in the merger of its Indian subsidiary, Simon Electric, with National Stock Exchange of India and BSE-listed V-Guard Industries.

Cyril Amarchand Mangaldas advised electrical products manufacturer V-Guard Industries. The deal, which is valued at INR273 million (USD3.5 million), was announced on 20 December.

Khaitan & Co’s team comprised partner Monika Srivastava, principal associate Sanchit Agarwal, managing associate Arjun Bhagi, and associates Shivansh Mehta and Dhairya Kumar Garg. Partner Shailendra Bhandare and principal associate Sourav Dan advised on intellectual property aspects.

The deal is subject to the approval of the National Company Law Tribunal and the Securities Exchange Board of India, among others.

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