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JTEKT Corporation, an existing shareholder of Sona Koyo Steering Systems Limited (SKSSL), has entered into an agreement to acquire the 25.12% stake presently held by Sona Group in SKSSL for a total consideration of Rs. 419.28 crore.
| Deal | JTEKT acquires Sona Group’s 25.12% stake in SKSSL |
| Value | 419.28 crore |
| Sector | Automobile Manufacturing |
| Deal Type | M&A |
| Law Firms | Jupiter Law Partners – JTEKT, Nishumura & Asahi – JTEKT (foreign counsel); Cyril Amarchand Mangaldas – Sona Group |
| Partners/Heads | Jupiter Law Partners – Jagvir Singh, Debashish Sankhari and Madhular Tomar; Cyril Amarchand Mangaldas – Gautam Gandotra, Bharat Budholia |
Jupiter Law Partners acted for JTEKT through a team led by Partners Jagvir Singh, Debashish Sankhari and Madhular Tomar, along with Senior Associate Smeeksha Bhola, and Associates Aratrika Nandi, Rajwant Bamel, Siddharth Bhargava and Shikha Singh.
Cyril Amarchand Mangaldas represented Sona Group with a team led by Partner Gautam Gandotra, with Partner Bharat Budholia handling the Competition Law aspects.
Japanese law firm Nishimura & Asahi advised JTEKT as foreign counsel.