Completed Date
Sector
Deal Type
Value
Joint Venture between Sidwal Refrigeration Industries Private
Limited (wholly owned material subsidiary of Amber Enterprises Limited) and Titagarh
Rail Systems Limited
Sidwal Refrigeration Industries Private Limited (“Sidwal”), is a ~INR4,200 Mn Revenue Company and a leader in the train and metro air conditioner market in India [wholly owned material subsidiary of Amber Enterprises India Limited (“Amber”)]
Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) (“Titagarh”/ “TRSL”), a ~INR 3,000 Mn Revenue company and a leader in the rolling stock space for both freight and passenger rolling stock with a prominent presence in India.
Shivaliks (already exisiting company), which will become a Joint Venture – Special Purpose Vehicle Company (“JV-SPV”), to carry on the business of railway components and sub systems for the rolling stock industry in India and overseas and also expand their business into the global markets.
Singhi advisors acted as advisor to both parts to create the joint venture
