Chinese textiles company Jiangsu Jinsheng Industry Co has acquired the textile assets of Oerlikon Corporation of Switzerland for approximately US$550 million. The deal included the purchase of several assets in India.
A team from Khaitan & Co, led by partner Rabindra Jhunjhunwala, advised Jiangsu Jinsheng Industry on the Indian law aspects of the deal, while Clifford Chance was the lead international adviser to the Chinese company.
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