Khaitan & Co advises Endurance Technologies Limited on their 100% acquisition of Maxwell Energy Systems Private Limited in a staggered manner

NO	HEADINGS	DETAILS
1.	Sector	Automobiles and Components
2.	Announcement Date	5-July-2022
3.	Completion Date	1 July 2022
4.	Name of Client	Endurance Technologies Limited
5.	Buyer Details	Endurance Technologies Limited \| India
6.	Target Details	Maxwell Energy Systems Private Limited \| India
7.	Deal Description	Advised Endurance Technologies Limited on their 100% acquisition of Maxwell Energy Systems Private Limited in a staggered manner.
8.	Total Consideration	INR 308 crore (USD 40 million)
9.	Team Members	The transaction was led by Prasenjit Chakravarti (Partner) with assistance from Nitish Goel (Partner), Sanjana Bhatnagar (Principal Associate) and Dhairya Kumar Garg (Associate)
10.	Role of Firm	Conducting a legal due diligence on Maxwell Energy Systems Private Limited; prepared a note for the client on the FEMA related issues in the proposed transaction; drafting, reviewing, commenting and negotiating the transaction documents; and assisting in signing and closing of the transaction.
11.	Financial Advisors	Axis Capital Limited (for the Target company) and Deloitte Touche Tohmatsu India LLP (for Endurance Technologies Limited)
12.	Other legal advisors if any	Mehta & Padamsey (for the Target company and the sellers)