JSA Advocates and Solicitors (JSA) advised Honeywell in connection with the India aspects of the separation of its Aerospace business.
The assignment, inter-alia, involved a demerger of the Aerospace business undertaken by of Honeywell Technology Solutions Lab into Honeywell Aerospace India, pursuant to a scheme of arrangement under Sections 230 to 232 of the Companies Act, 2013 (“Scheme”). The approval of the Scheme was obtained in record time and was one of the fastest approvals granted by the NCLT Bengaluru.
The JSA team provided end-to-end support to Honeywell on the carve-out – extending from regulatory approvals, operational advice, contract novation, workforce movements, and expansion of the real estate footprint. JSA also assisted Honeywell on complex anti-trust aspects (given the specialized sector).
The assignment was part of the global separation announced by Honeywell on February 6, 2025. The first phase was completed in October 2025, with the spin-off of Honeywell’s Advanced Materials business, which began trading on the Nasdaq Stock Market as Solstice Advanced Materials.
Honeywell subsequently completed the spin-off of Honeywell Aerospace Inc. in June 2026, pursuant to which Honeywell Aerospace became an independent, publicly traded company listed on the Nasdaq Stock Market. The JSA transaction team also advised Honeywell on the spin-off the Advanced Materials business.
The JSA Transaction team was led by Sidharrth Shankar, Partner, with Dhruv Malhotra, Partner; Jatin Oberoi, Senior Associate; Achint Johri, Associate; and Satvik Tewari, Associate, advising on the overall transaction.
The Disputes team comprised Divyam Agarwal, Partner; Aniket Aggarwal, Principal Associate; Kavya Jha, Associate; and Ayyanna Sharanappa, Associate.
The Real Estate team comprised Gerald Manoharan, Partner; Ayisha Mansoor, Partner; Bhagyashree S, Principal Associate, and Prerana Damaraju, Senior Associate.
The Competition team comprised Nisha Kaur Uberoi, Partner and Chair, Competition Law; Harshita Parmar, Partner; Rishi Kauntia, Senior Associate; Keerthana Kesavan, Associate, and Mayank Gandhi, Associate.
Ayisha has been actively involved in diverse areas of General Corporate Commercial. She has advised both domestic & international clients on foreign direct investments into India, establishment of new business operations in India and liaising with Government Regulators in obtaining necessary approvals.