JSA Advocates and Solicitors (JSA) advised Fine Edge Engineering Private Limited and its related entities which house the iron casting and machining business of the Ashok Iron Works and its related entities, in relation to the acquisition of a majority stake by India Resurgence Fund (“IndiaRF”).
Ashok Iron Works Group is a market leader in the manufacturing of machined iron castings, operating 4 foundries (Total Capacity: 1,44,000 MTPA) and 7 machine shops (Total Capacity: 6 lakh parts) in Belagavi, Karnataka. The Company manufactures engine blocks, engine heads and transmission housings ranging from 20 kg to 5,000 kg and one of the few Indian players with the capability to manufacture such engine blocks, serving diversified end-markets including industrial engines, farm equipment and automotive.
IndiaRF is a fund promoted by Piramal Finance Limited and Bain Capital invests primarily in control situations with a focus on providing effective capital solutions and driving operational transformation for businesses to reach their optimal potential.
The JSA transaction team was led by Sidharrth Shankar, Partner with Prakriti Jaiswal, Partner and Dhruv Malhotra, Partner with support from Rishika Agarwal, Senior Associate; Kirti Vardhan Singh, Associate and Vadi PS, Senior Company Secretary.
The Disputes Team was led by Dheeraj Nair, Partner and Prasanth V G, Partner with support from Ridhima Sharma, Senior Associate, Hithaishi Murthy, Associate and Ayyanna Sharanappa, Associate.
The Competition Team was led by Nisha Kaur Uberoi, Partner and Chair, Competition Law and Pranav Satyam, Partner with support from Kamal Sharma, Principal Associate.
Dheeraj is a Partner with JSA since 2009. Dheeraj has over two decades of experience advising and representing clients on complex arbitrations, litigations and regulatory proceedings.