AZB, Crawford Bayley lead on Mahindra CIE acquisition of Aurangabad Electricals for 875 cr

Bar & Bench March 14 2019

Mahindra CIE Automotive Ltd will acquire the business of Aurangabad Electricals Limited (AEL) for an enterprise value of ₹875 crore in an all-cash deal.

AZB & Partners acted for Mahindra CIE Automotive and the team was led by Bangalore Partner Srinath Dasari along with Senior Associate Gautam Rego.

Crawford Bayley acted for promoters of Aurangabad Electricals limited and the team was led by Senior Partner Sanjay Asher along with Associate Partner Bhumika Batra, Senior Associate Sanskriti Relekar and Associate Anuja Takle.

The acquisition . . .

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