PRESS RELEASE
9 March 2022

Link Legal Advised Inyantra In Its Acquisition By Volex

DL
Dentons Link Legal

Contributor

Dentons Link Legal logo
Established in 1999, Dentons Link Legal is a full service corporate and commercial law firm with over 40 partners and 150 lawyers across multiple practice areas. With offices across all major Indian cities and access to more than 200 offices in more than 80 countries of Dentons’ combination firms across the world, Dentons Link Legal is equipped to assist you in achieving your business objectives with the help of a team of experienced, well trained and qualified lawyers. The Firm’s clientele includes some of India’s leading corporate groups, public sector undertakings, public sector and private banks, private individuals, and multinational corporations across the world.
The ticket size of the deal is approximately USD 8 million consisting of both primary and secondary investments.
India

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:

  1. Nusrat Hassan, Co-Managing Partner;
  2. Ambuj Sonal, Associate Partner;
  3. Tanvi Pande, Senior Associate; and
  4. Meghna Punjabi, Associate.

Volex and Boundary were advised by Kochhar & Co., Mumbai.

The deal has also been reported on the following media platforms:

https://www.business-standard.com/article/companies/volex-acquires-majority-stake-in-inyantra-tech-in-13-mn-transaction-122030700869_1.html

https://www.livemint.com/companies/news/ukbased-volex-acquires-majority-stake-in-inyantra-tech-in-13-mn-transaction-11646651440259.html

https://auto.economictimes.indiatimes.com/news/auto-components/uk-based-volex-acquires-majority-stake-in-edms-company-inyantra/90050722

https://www.autocarpro.in/news-international/uk%E2%80%99s-volex-picks-up-majority-stake-in-punebased-inyantra-technologies-81304

https://www.devdiscourse.com/article/business/1952087-uk-based-volex-acquires-majority-stake-in-inyantra-tech-in-usd-13-mn-transaction

https://newswwc.com/automotive/cars/uk-based-volex-acquires-majority-stake-in-edms-company-inyantra-et-auto/

https://uk.advfn.com/stock-market/london/volex-VLX/share-news/Volex-PLC-Acquisition-of-majority-stake-in-inYantr/87472088

Contributor

Dentons Link Legal logo
Established in 1999, Dentons Link Legal is a full service corporate and commercial law firm with over 40 partners and 150 lawyers across multiple practice areas. With offices across all major Indian cities and access to more than 200 offices in more than 80 countries of Dentons’ combination firms across the world, Dentons Link Legal is equipped to assist you in achieving your business objectives with the help of a team of experienced, well trained and qualified lawyers. The Firm’s clientele includes some of India’s leading corporate groups, public sector undertakings, public sector and private banks, private individuals, and multinational corporations across the world.

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