JSA Advocates & Solicitors advised Honeywell in completing the spin-off of its ‘Advanced Materials’ business, currently operating as ‘Solstice Advanced Materials’. Solstice separated from Honeywell International Inc. and began trading on the Nasdaq stock exchange on October 30, 2025. The transaction involved complex restructuring advisory and documentation for the separation and sale of the advanced materials business division.
This transaction forms part of Honeywell’s broader strategic separation of its automation and aerospace businesses. The planned separation, together with the spin-off of Solstice, will result in three industry -leading public companies, each with a distinct strategic focus and growth trajectory.
Honeywell is an integrated operating company serving a diverse range of industries and geographies worldwide.
JSA’s Corporate team led the transaction, providing end-to-end legal support on the restructuring and spin-off process. The team was led by Partner Sidharrth Shankar with support from Dhruv Malhotra Partner, Senior Associate Jatin Oberoi and Associate Aditya Sinha.
The Real Estate team at JSA also worked on the transaction, advising on real estate-related aspects of the separation. The Real Estate team was led by Partner Deepak Chowdhury, with assistance from Senior Associate Kaushik Pranav Dangeti.
Deepak is an equity partner in the Hyderabad office. He has over 18 years of experience in advising clients on construction contracts, real estate projects and disputes pertaining to the development of infrastructure projects.