Khaitan & Co and JSA advised on IndiaRF’s acquisition of majority stake in Fine Edge Engineering.

India Resurgence Fund (IndiaRF) has acquired a significant majority stake in Fine Edge Engineering Private Limited, which houses the precision machined castings business of the Ashok Iron Works Group.

Founded in 1973, Ashok Iron Works Group manufactures precision machined iron castings, including engine blocks and cylinder heads, serving a diversified domestic and international customer base. IndiaRF is promoted by Piramal Finance and Bain Capital and focuses on control situations and operational transformation.

Khaitan & Co advised India Resurgence Fund on the acquisition.

The core team comprised Partners Kartick Maheshwari and Shantanu Gupta, Principal Associates Debottam Chattopadhyay and Ifrazunnisa Khan, Senior Associate Shruti Jaju, and Associate Chaitanya Kishore Sunkara.

The team was supported on Corporate & Commercial matters by Partners Aishwarya Nagpal and Ashutosh Sharma, and Senior Associates Madhav Chandan, Hardik Adlakha, Poojita Saxena and Radhika Goenka.

The team was supported on Real Estate matters by Partner Sudheer Madamaiah, Counsel Kartik Shiv Kumar and Associate Shambhavi Kashyap.

The team was supported on Competition / Antitrust matters by Partner Anisha Chand, Counsel Soham Banerjee and Senior Associate Yatharth V Singh.

The team was supported on Dispute Resolution matters by Partners Sanjeev K Kapoor and Sneha Janakiraman, Principal Associate Saloni Gupta and Senior Associate Yashwant Gaggar.

The team was supported on Employment, Labour & Benefits matters by Partner Deepak Kumar and Senior Associate Varsha Sankara Raman.

The team was supported on Privacy and Data Protection matters by Partners Supratim Chakraborty and Sumantra Bose, and Principal Associate Shramana Dwibedi.

The team was supported on Intellectual Property matters by Partner Nirupam Lodha and Principal Associate Malika Nandkeolyar.

The team was supported on Projects & Project Finance matters by Partner Atman Jwalant Desai and Principal Associate Ayushi Chaudhary.

JSA advised Fine Edge Engineering Private Limited and its related entities, which house the iron casting and machining business of the Ashok Iron Works Group, in relation to the acquisition of a majority stake by IndiaRF. The business operates four foundries and seven machine shops in Belagavi, Karnataka, manufacturing engine blocks, engine heads and transmission housings for industrial engines, farm equipment and automotive applications.

The JSA transaction team was led by Partners Sidharrth Shankar, Prakriti Jaiswal and Dhruv Malhotra, with support from Senior Associate Rishika Agarwal, Associate Kirti Vardhan Singh and Senior Company Secretary Vadi PS.

The team was supported on Disputes matters by Partners Dheeraj Nair and Prasanth V G, with support from Senior Associate Ridhima Sharma and Associates Hithaishi Murthy and Ayyanna Sharanappa.

The team was supported on Competition matters by Partner and Chair, Competition Law Nisha Kaur Uberoi and Partner Pranav Satyam, with support from Principal Associate Kamal Sharma.