Ravin Infraproject Private Limited has successfully taken over the majority stake in Ravin Cables Limited from Prysmian Cavi e Sistemi S.r.l., an Italian joint venture partner. This significant acquisition marks the conclusion of longstanding disputes between the joint venture partners and restores majority control to the Ravin Group, facilitating the complete withdrawal of Prysmian from the venture.
Throughout this complex transaction, TRD Associates played a pivotal role in advising Ravin Infraproject, along with Vijay Karia, the Chairman and Managing Director, and other shareholders. The firm offered comprehensive legal assistance, including strategic advice, transaction structuring, negotiation, and the drafting and review of necessary documents. Moreover, TRD Associates was instrumental in resolving the longstanding disputes between the parties involved.
The dedicated transaction team from TRD Associates was led by Co-Founding Partners Teresa Daulat and Rishir Daulat, supported by Mohanish Patkar, an Associate Partner, Ayush Khandelwal, a Senior Associate, and Meenakshi Pahuja, an Associate. The disputes resolution team, also led by Teresa Daulat, included Mohanish Patkar, Ayush Khandelwal, and Kritika Mundra, an Associate.
This strategic acquisition significantly bolsters the Ravin Group’s position in Ravin Cables Limited. In conjunction with their acquisition of Cable Corporation of India, this move enhances the Ravin Group’s foothold in both the Indian and global markets, reflecting their commitment to expanding their influence and operations worldwide.
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