Amarchand and Udwadia advise NHK to buy out BCL Springs Unit of Wadia Group

Bar & Bench September 8 2011

NHK Automotive Components India (NHK India), a wholly owned subsidiary of NHK Spring Japan (NHK Japan) has agreed to purchase the BCL Springs Division of Bombay Burmah Trading Corporation as a going concern on a slum sale basis for Rs. 180.50 crore ($38.9 million). The sale is subject to obtaining regulatory approvals including approval from the Competition Commission of India.

 

Amarchand Mangaldas advised NHK with a team led by Principal Associates Nisha Uberoi and Anubhuti Agarwal along with Senior Associate Natashaa Shroff.

 

Udwadia & Udeshi advised Bombay Burmah with a team led by Partner Darius Udwadia . . .

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