Slovakian railway wagon manufacturer Tatravagoka AS, advised by Khaitan & Co, has acquired 50 per cent stakes in Jupiter Wagons and Jupiter Alloys and Steel, advised by Shardul Amarchand Mangaldas, in a deal reportedly worth Rs 100 crore ($15.6m).
Jupiter, which is one of India’s biggest railway freight car manufacturers, was advised by Shardul Amarchand Mangaldas partner Abhishek Guha, senior associate Aditya Mehra, and associate Roma A Das.
Tatravagonka drafted in Khaitan & Co Mumbai Mumbai associate partner Kartick Maheshwari on the transactional side, and associate partner Yigal Gabriel on the real estate side.
Deloitte Touche Tohmatsu India Private Limited acted as Jupiter's financial adviser, while Alpen Capital acted for Slovakian company as its financial adviser.
Jupiter Wagons and Jupiter Alloys and Steel are set to be merged after this transaction completed on 14 July.