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.