Link Legal represented and advised InYantra Technologies Private Limited (“InYantra”) and its shareholders, in acquisition of (i) 51% shares of InYantra by Volex Interconnect Indian Private Limited, the Indian subsidiary of Volex PLC (“Volex”); and (ii) 4% shares of InYantra by Boundary Holdings India Private Limited, a subsidiary of Boundary Holdings, a UK based firm (“Boundary”). The ticket size of the deal is approximately USD 8 million consisting of both primary and secondary investments. The deal also involved sale of land and building from one of the shareholders of InYantra to the Indian subsidiary of Volex for a total price of USD 5 million.
InYantra is a Pune based company which specializes in the manufacturing and assembly of printed circuit boards (PCBs) and box builds. Volex is a UK-based integrated manufacturing-services and power-products company which is listed at the London Stock Exchange. Boundary is a tech investment firm based in UK. With this association, InYantra will strengthen its focus on two high-growth sectors of medical electronics and electric vehicles (EVs).
Link Legal team comprised of:
- Nusrat Hassan, Co-Managing Partner;
- Ambuj Sonal, Associate Partner;
- Tanvi Pande, Senior Associate; and
- Meghna Punjabi, Associate.
Volex and Boundary were advised by Kochhar & Co., Mumbai.