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Some of the key assignments in these areas handled and being handled by Ankita amongst others, cover the following:

• Advised Ford Motor Company and its subsidiaries in relation to its proposed sale / transfer, to Tata Passenger Electric Mobility Limited, a Tata Motors Limited subsidiary, of Ford India’s Sanand vehicle manufacturing plant (2021-22) – Deal Value: 7.26 billion
• Advised IBM Corporation and its subsidiaries in relation to the India leg of global separation of the Managed Infrastructure Services (MIS) business of IBM’s Global Technology Services segment into a new public company, Kyndryl Holdings LLC (2020-21) – Value of MIS Business in India: USD 600 million
• Advised Dell Technologies Inc. and its Indian subsidiaries in relation to the India leg of the global divestiture of Dell’s RSA security business to Symphony Technology Group Partners, LLC (and its participating investors – Ontario Teachers’ Pension Plan Board and AlpInvest Partners) (2019-20) – Deal Value: INR 2.81 billion
• Advised Hero MotoCorp Limited in relation to its investments in Ather Energy Private Limited, an electronic two-wheeler Indian start-up (2019, 2020, 2022)
• Advised Hero FinCorp Limited and its promoter group entities in relation to investment rounds undertaken by Hero FinCorp Limited with participation by ChrysCapital, Credit Suisse, Apis Partners and certain promoter group entities of Hero FinCorp Limited (2019-20) – Deal Value: INR 10.75 billion

Some key matters handled by Ankita in previous assignments include the following:

• Assisted a leading manufacturer of automobile components in the acquisition of 100% equity stake in an Indian company engaged in the manufacture of starter motors and alternators. The transaction included conducting of due diligence exercise on the target company and drafting and negotiation of the share purchase agreement.
• Advised an Indian client, engaged in the business of rendering software development and information technology enabled services, on fast-track merger with its wholly owned subsidiary entity. The transaction included providing advisory on the process involved, drafting the scheme for merger and other ancillary documents.
• Assisting a Korean client, engaged in the business of manufacturing mobile equipment, in the acquisition of 100% equity stake in an Indian company. The transaction involves conducting of due diligence exercise on the target company and drafting and negotiation of the share purchase and share subscription agreement.
• Advised clients within and outside India, acquiring businesses in India, on the consequences of retrenchment, dismissal of employees, resignation, transfer of employment and assisted and advised them on strategizing the acquisition with minimum consequences from a labour law perspective.