Rexxam Co. Ltd. entered into a joint venture with Dixon Technologies (India) Limited by acquiring 60% stake in Rexxam Dixon Electronics Private Limited, which has received approval under the PLI scheme for White Goods (AC and LED lights) of the Government of India. Pursuant to a joint venture agreement and investment from Rexxam Co. Ltd. and Dixon Technologies (India) Limited, Rexxam Co. Ltd owns 60% and Dixon Technologies (India) Limited owns 40% in the JVC.
ZEUS Law Associates advised Rexxam Co. Ltd. on the deal.
The advisory team on aspects related to the PLI Scheme and labor laws comprised of Managing Partner Sunil Tyagi and Senior Partner Jayshree Navin Chandra along with Partner Santosh Singh.
The corporate law and transactional advisory was led by Senior Partner Jayshree Navin Chandra who was supported by Associate Nitika Bakshi. Managing Associate Ashwani Sharma and Senior Associate Mona Dewan were also involved in the transaction.