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Saraf and Partners has advised JSW Infrastructure on its 70 percent acquisition of logistics firm Navkar Corporation, whose promoters and selling shareholders were advised by Dentons Link Legal.

The deal markets the Sajjan Jindal-led JSW’s strategic entry into the logistics and cargo transit service industry. JSW Infrastructure is India’s second-largest private commercial port operator.

The transaction has triggered a mandatory open offer by JSW Port (JSW’s acquiring entity) under the provisions of the Takeover Regulations, constituting 26 percent of the voting share capital of Navkar Corporation Limited.

Saraf’s team was led by senior partner Bikash Jhawar and partner Vivek Pareek.

The Dentons Link Legal team was led by partner Anuj Trivedi. He was assisted by principal associate Kartikeya Singh and associate Dakshita Arora.
 

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