Advised Shorehill Capital LLC on Indian legal aspects of share acquisition and due diligence on Indian subsidiaries

Shorehill Capital LLC (Shorehill), a U.S.-based private equity firm specializing in acquisitions within the middle market, sought legal guidance on Indian law aspects of a share acquisition and required assistance on a comprehensive legal due diligence on the Indian subsidiaries of a target company. Majmudar & Partners ensured compliance with Indian regulations and provided actionable insights during the acquisition process.

Facilitating the Transaction

Majmudar & Partners supported Shorehill by delivering the following key services:

  • Legal Due Diligence: Conducted a thorough examination of the Indian subsidiaries’ legal and regulatory compliance, including reviews of corporate governance, contractual obligations, and labor law compliance, identifying critical risks and mitigation strategies.
  • Regulatory Compliance Advisory: Provided expert advice on Indian corporate law and foreign exchange regulations under the Foreign Exchange Management Act (FEMA), 1999 to ensure the share acquisition adhered to the applicable legal framework.
  • Drafting and Negotiation of Transaction Documents: Drafted, reviewed, and negotiated transaction documents including the share purchase agreement and ancillary documents, ensuring compliance with Indian legal standards and protecting Shorehill’s interests.
  • Cross-Border Tax Structuring: Offered insights on structuring the transaction to optimize tax efficiency, addressing the interplay between Indian and U.S. tax regimes while considering the impact of India’s General Anti-Avoidance Rules.

This strategic acquisition enabled Shorehill to expand its global footprint and tap into India’s thriving market opportunities. Majmudar & Partners’ comprehensive legal support ensured seamless execution of the transaction, reinforcing Shorehill’s confidence in navigating India’s legal and regulatory environment.

With extensive experience in facilitating cross-border private equity transactions, Majmudar & Partners delivers legal excellence tailored to complex regulatory landscapes. Contact us today to learn how we can help your business succeed in India.

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