ELP advises Innovative Logistics Service Private Limited on acquisition of Patel Roadways division of Patel Integrated Logistics Limited

Deal/case name

Innovative Logistics Service Private Limited to acquire Patel Roadways division of Patel Integrated Logistics Limited.

Practice area(s)

Corporate M&A

Industry sector(s)

Logistics

Date completed (MM/YY) / ongoing

Ongoing

Value (currency) 

INR 385,000,000

Client(s) advised

Innovative Logistics Service Private Limited

Lead partner from your firm

Darshan Upadhyay (Partner)

Other lawyers from your firm involved

Amit Manubarwala (Partner)

Ananthram Ganesh (Senior Associate)

ELP’s role on the deal/case

ELP assisted the client with legal due diligence, drafting and negotiating the transaction documents.

Other law firms involved and their roles

Ernst & Young

Crawford Bayley & Co.

Governing law         

India

Description             

Innovative Logistics Service Private Limited’s board has agreed to acquire the Patel Roadways division of Patel Integrated Logistics Limited.

Why is this deal/case significant?

Business transfer of a listed company’s business which involved insider trading advice since the acquirer may have been in a position to receive unpublished price sensitive information.