Khaitan helps Indo-Australian rail freight train JV split

Friday, 30 October 2015 By Prachi Shrivastava Corporate M&A

Khaitan & Co advised rail freight car makers, the Australia-based UGL Rail Services and the Indian Texmaco Rail and Engineering on UGL’s sale of its 50 per cent stake in its joint venture with Texmaco – Texmaco United Group Rail.

Khaitan Kolkata partner Padam Khaitan, associate partner Arindam Sarkar and associates Shourya Sengupta and Prithwijit Gangopadhyay acted for UGL

Khaitan Mumbai partner Haigreve Khaitan, associate partner Anuj Sah and Associate Sunayana Bose acted for Texmaco.

UGL sold its share in the Indian joint venture because it was starved of orders after the downturn in locomotive sales in Australia, and it was set up for primarily catering to the Australian market, reported the PTI.

Khaitan & Co

Comments

Cal fan 31 Oct 2015, 05:32
+2 -1
Wow! KCO on both sides! Good to see so many deals being reported where the KCO Cal team is involved. Quite strange that the Cal based company was advised by the Bombay office and the foreign company by the Cal office.
Wellwisher 2 Nov 2015, 05:45
+1 -0
Way to go Sunayana... keep on with the hard work..
Independent Observer 4 Nov 2015, 09:59
+2 -1
Very well done Arindam. One of those rare lawyers who is a perfect mix of talent and humility.
winners 4 Nov 2015, 16:43
+0 -0
KCO clearly leading the pack. Followed by SAM, JSA, AZB, CAM, Luthra, S+R, Trilegal, Platinum in that order.
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