Kiranakart Pte. Ltd.’s cross-border amalgamation with its Indian subsidiary, Kiranakart Technologies Private Limited

Rajah & Tann Singapore, member firm of Rajah & Tann Asia, acted for Kiranakart Pte. Ltd. (“KPL”) in its cross-border amalgamation with its wholly-owned subsidiary incorporated in India, Kiranakart Technologies Private Limited (“KTPL”), via a scheme of arrangement pursuant to Sections 210 and 212 of the Companies Act 1967 of Singapore. The scheme resulted in all property and liabilities of KPL being transferred to and vested in KTPL, with KPL’s shareholders becoming shareholders of KTPL (“Merger”). The transaction structure to effect the Merger was proposed by Rajah & Tann Singapore and unprecedented until recently. This Merger is the first completed cross-border merger between a Singapore-incorporated company and a foreign-incorporated entity utilising this structure. Partners Evelyn Wee, Hoon Chi Tern and Jasselyn Seet from the Mergers & Acquisitions Practice along with Senior Partner Lee Eng Beng, SC and Partners Sim Kwan Kiat, Raelene Pereira, and Cherie Tan from the Restructuring & Insolvency Practice led the transaction.

Meet Our Team

Evelyn Wee - Senior Partner Rajah & Tann Singapore LLP for Capital Market, Mergers & Acquisitions Practices
Singapore, South Asia,
+65 6232 0724
Hoon Chi Tern - Partner of Rajah & Tann Singapore’s Mergers & Acquisitions Practice, and a Partner in the Capital Markets Practice.
Singapore, South Asia,
+65 6232 0714
Jasselyn Seet – Partner at Rajah & Tann Singapore, Singapore; specialising in equity capital markets and mergers & acquisitions.
Singapore,
+65 6232 0462
Lee Eng Beng, SC – Senior Partner at Rajah & Tann Singapore and Chairperson of Rajah & Tann Asia; specialising in Restructuring & Insolvency, Commercial Litigation & International Arbitration.
Singapore,
+65 6232 0402
Sim Kwan Kiat – Partner of the Dispute Resolution Group and Partner in Restructuring & Insolvency at Rajah & Tann Singapore.
Brunei, Singapore, South Asia,
+65 6232 0436
Raelene Pereira – Partner at Rajah & Tann Singapore; specialising in commercial and corporate litigation, with an emphasis on banking and financing disputes, and personal and corporate insolvency.
Singapore,
+65 6232 0401
Singapore,
+65 6232 0428

Meet Our Team

Evelyn Wee - Senior Partner Rajah & Tann Singapore LLP for Capital Market, Mergers & Acquisitions Practices
Singapore, South Asia,
+65 6232 0724
Hoon Chi Tern - Partner of Rajah & Tann Singapore’s Mergers & Acquisitions Practice, and a Partner in the Capital Markets Practice.
Singapore, South Asia,
+65 6232 0714
Jasselyn Seet – Partner at Rajah & Tann Singapore, Singapore; specialising in equity capital markets and mergers & acquisitions.
Singapore,
+65 6232 0462
Lee Eng Beng, SC – Senior Partner at Rajah & Tann Singapore and Chairperson of Rajah & Tann Asia; specialising in Restructuring & Insolvency, Commercial Litigation & International Arbitration.
Singapore,
+65 6232 0402
Sim Kwan Kiat – Partner of the Dispute Resolution Group and Partner in Restructuring & Insolvency at Rajah & Tann Singapore.
Brunei, Singapore, South Asia,
+65 6232 0436
Raelene Pereira – Partner at Rajah & Tann Singapore; specialising in commercial and corporate litigation, with an emphasis on banking and financing disputes, and personal and corporate insolvency.
Singapore,
+65 6232 0401
Singapore,
+65 6232 0428

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