CCI clears NHK Automotive's acquisition of BCL Spring; Amarchand represents NHK

Bar & Bench November 9 2011

Amarchand Mangaldas has represented NHK Automotive in obtaining merger control clearance from the Competition Commission of India (CCI) in relation to the proposed acquisition of BCL Springs Division of Bombay Burmah Trading Corporation (BBTC).

In September, NHK Automotive, a wholly owned subsidiary of NHK Spring Japan (NHK Japan) had agreed to purchase the BCL Springs Division of BBTC as a going concern on a slum sale basis for Rs. 180.50 crore ($38.9 million). The sale was subject to obtaining regulatory approvals including approval from the . . .

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