Khaitan & Co, a leading Indian law firm, advised Vama Sundari Investments of the HCL Group on a major joint venture with Foxconn Hon Hai Technology India Mega Development Private Limited to support India’s expanding semiconductor ecosystem.
Khaitan & Co, one of India’s leading law firms, has advised Vama Sundari Investments (Delhi) Private Limited, an investment company of the HCL Group, on its major joint venture with Foxconn Hon Hai Technology India Mega Development Private Limited.
The collaboration aims to set up and operate a large outsourced semiconductor assembly and test (OSAT) facility in India, strengthening the country’s semiconductor manufacturing capabilities.
According to the firm, Khaitan & Co supported Vama Sundari Investments throughout the transaction.
This included advising, negotiating, and finalising key definitive agreements, such as the joint venture agreement and the technology licence agreement that will govern the semiconductor project.
A strong team from Khaitan & Co worked on this transaction.
The core team included Bharat Anand (Senior Partner), Tanvi Kumar (Partner), Nimisha Trehan (Partner), and Aayush Thapar (Principal Associate). The team also received intellectual property-related support from Nirupam Lodha (Partner), Malika Nandkeolyar (Principal Associate), and Toshani Mukherjee (Senior Associate).
In addition, competition law aspects of the joint venture were handled by Pranjal Prateek (Partner) and Armaan Gupta (Principal Associate).
The firm is built on strong principles of integrity, simplicity, dedication and professionalism. From its beginnings in Kolkata in 1911, Khaitan & Co gradually expanded across the country opening offices in New Delhi (1970), Bangalore (1994), Mumbai (2001), Chennai and Singapore (2021), and later in Pune and Ahmedabad (2024).