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Firm Matters

RSB Transmissions and Bain Capital - Proposed acquisition of a combined stake of approximately 76% in Setco Auto Systems Private Limited

  • 01-Apr-2026

Khaitan & Co advised RSB Transmissions on its proposed acquisition of approximately 76% in Setco Auto Systems Pvt Ltd (SASPL) from Setco Automotive Ltd (SAL) and India Resurgence Fund (India RF), along with a further subscription by RSB at closing to support repayment of SASPL’s existing debt. The transaction closing is subject to customary consents and approvals.

The Firm advised RSB Transmissions and Bain Capital on the structuring, negotiations and finalisation of definitive agreements.

Deal Team

RSB Transmissions

The core team consisted of Shishir Vayttaden (Partner), Radhika Agarwal (Partner), Srikanth Mantravadi (Counsel), Shreyas Bapat (Principal Associate), Neekesh Shetty (Principal Associate), Atif Ahmed (Senior Associate), Ansif Latheef (Associate), Devyani Modi (Associate) and Devika Vasandani (Consultant)

The deal was assisted by: 

Corporate & Commercial: Prateek Desai (Partner), Mehul Shah (Partner), Abhishek Dadoo (Partner), Harsh Khemka (Partner), Gaurav Malhotra (Counsel), Kartikey Gautam (Principal Associate), Gaurang Mansinghka (Senior Associate), Himanshu Gupta (Senior Associate), and Sonalika Ahuja (Senior Associate), Mokshita Jain (Senior Associate), Avishek Banerjee (Senior Associate), Sanjana Dwivedi (Associate),  Mayank Barman (Associate), Ashwin Balaji S (Associate), Raksha H R (Associate) and Nikhil Dave (Associate)

Competition/Antitrust: Anisha Chand (Partner), Anshuman Sakle (Partner), Armaan Gupta (Senior Associate) and Ritika Ghosh (Associate)

Capital Markets: Sudhir Bassi (Executive Director), Aditya Cheriyan (Partner),

Dispute Resolution: Tomu Francis (Partner), Vanita Bhargava (Partner), Karun Mehta (Partner), Sneha Janakiraman (Partner), Madhav Khosla (Counsel), Vishal Shrivastava (Principal Associate), Zarnaab Aswad (Senior Associate), Hardik Malik (Associate)

 Intellectual Property: Shailendra Bhandare (Partner), Vaishali Adhikari (Associate), Shouraseni Chakraborty (Associate),

Employment Labour & Benefits: Vinay Joy (Partner), Deepak Kumar (Partner), Ajeta Anand (Senior Associate), Shaaryl Dsouza (Associate), Tanvi Uday Shetty (Associate)

Real Estate: Amit Wadhwani (Partner), Siddharth Godha (Principal Associate), Yugam Taneja (Principal Associate), Ketan Ravindra Jikar (Senior Associate), Riya Manuja (Senior Associate), Varsha Sankara Raman (Associate)

Privacy and Data Protection: Supratim Chakraborty (Partner), Shramana Dwibedi (Senior Associate), Vidhi Mahesh Patel (Associate)