Deal Corner
March 01, 2012
Hammond Power Solutions Inc acquired 70 % stake in PAN-Electro Technic Enterprises Private Limited

DEAL BRIEF

Hammond Power Solutions Inc, a company incorporated and existing under the laws of Ontario, Canada, ("HPS") and engaged in the business of design and manufacture of dry type custom & standard transformers, acquired 70 % stake in PAN-Electro Technic Enterprises Private Limited ("PETE") a manufacturer of cast coil, oil filled and VPI transformers from existing Indian shareholders for a total consideration of INR 775 million (approx. USD 16 million) ("Transaction").

PETE is in the business of designing, manufacturing, repairing and servicing of transformers in Hyderabad, India with over 22 years of manufacturing and servicing experience.

OUR ROLE

We, at Nishith Desai Associates, acted as Indian legal and tax counsel to HPS for this Transaction.

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Deal Corner

March 01, 2012

Hammond Power Solutions Inc acquired 70 % stake in PAN-Electro Technic Enterprises Private Limited

DEAL BRIEF

Hammond Power Solutions Inc, a company incorporated and existing under the laws of Ontario, Canada, ("HPS") and engaged in the business of design and manufacture of dry type custom & standard transformers, acquired 70 % stake in PAN-Electro Technic Enterprises Private Limited ("PETE") a manufacturer of cast coil, oil filled and VPI transformers from existing Indian shareholders for a total consideration of INR 775 million (approx. USD 16 million) ("Transaction").

PETE is in the business of designing, manufacturing, repairing and servicing of transformers in Hyderabad, India with over 22 years of manufacturing and servicing experience.

OUR ROLE

We, at Nishith Desai Associates, acted as Indian legal and tax counsel to HPS for this Transaction.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.