Fox & Mandal Consultancy Solutions Private Limited (FMCSPL) acted as sell side financial advisory for Iskraemeco Holding Switzerland, a leading developer of digital solutions and services for the energy and water sector for sale of 100% shareholding in their Indian Subsidiary to Kaynes Technology India Limited a listed Indian entity providing end-to-end Internet of Things (IoT) solutions enabled integrated electronics manufacturing, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services. Iskraemeco India Private Limited is engaged in the business of supply, installation, operations and maintenance of smart meters in India.