Saraf and Partners Advised Dassault Aviation in Connection with the Purchase of Equity Shares in DRAL

Saraf and Partners acted for and advised Dassault Aviation (“Dassault”) in its proposed acquisition of an additional stake from Reliance Aerostructure Limited (“Reliance”) in their joint venture company – Dassault Reliance Aerospace Limited (“DRAL”). As part of the acquisition, Dassault (an existing 49% shareholder) shall acquire 2% shareholding of DRAL from Reliance, thereby becoming DRAL’s majority (51%) and controlling shareholder. The proposed acquisition by Dassault shall be undertaken by way of a secondary purchase of shares for a purchase consideration of approx. INR 175 Crores.

Dassault Aviation is a leading French company engaged in the businesses of military and business jets, and is the integrator of Rafale & Falcon aircraft, as well as a manufacturer of airframes and subsystems of these aircraft.

Saraf and Partners advised Dassault on all aspects of the transaction.

The transaction team was led by Senior Partner, Vaibhav Kakkar and Partners, Snigdhaneel Satpathy and Debarpan Ghosh.