Tech Mahindra Limited (BSE:532755) signed a definitive agreement to acquire Lightbridge Communications Corporation for an enterprise value of $240 million on November 20, 2014. Lightbridge has a shareholder debt of about $85 million, some part of which will be paid later. Lightbridge reported revenues of $430 million in the year 2013. The transaction is subject to regulatory approval and is expected to close by fourth quarter of fiscal year 2015. As of December 15, 2014, the transaction was approved by Federal Trade Commission.

Richard Goldberg, Ruslan Koretski, Wei Wei, Eric Deltour, Michael Hirschfield, Jon Van Loo, Andrew Oringer, Sarah Rubenfeld, Ian Downes, Francois Quintard-Morenas, Violetta Kokolus, Thomas Cockriel, Jeremy Zucker, Darshak Dholakia, Isabelle Rahman, Clemens Graf York von Wartenburg, Laura Titze, Wouter Deleersnyder, Nicole Lee, Michael Weiner and Jill Ross of Dechert LLP acted as legal advisors for Tech Mahindra. Ernst & Young acted as diligence partner for Tech Mahindra. Jefferies LLC acted as financial advisor and Jack Bodner, Michael Reed, Cecile Zwiebach, Matthew Wood, Michael Francese, Jessica Milner, Rob Heller, Mona Patel, David Fagan, Jonathan Sperling and Mark Johnson of Covington & Burling LLP acted as legal advisor for Lightbridge.