Luthra acts on Shriram Pistons acquiring 75% stake in Takahata Precision

Shriram Pistons & Rings Limited (SPRL), a recognized auto component manufacturing company, acquired 75% of Takahata Precision India Private Limited (TPIL), a subsidiary of Takahata Japan through its wholly owned subsidiary SPR Engenious Limited.

Luthra & Luthra Law Offices India acted on the deal and the team was led by Partners Navin Syiem and Sarika Raichur and ably assisted by Senior Associate Sidhartha Jatar and Associates Shaurya Jakher and Ruthvik Tumuluri.

Partner Vipin Sharma and Managing Associate Shruti Barua assisted with the due diligence on the transaction.

With the proposed acquisition, SPRL aims to diversify its product portfolio beyond the current pistons, rings, engine valves and EV components to precision plastic injection moulded parts, for automotive and industrial applications.

Takahata Precision Co Ltd Japan is a leading precision injection moulded parts manufacturing company with a wide range of products in the automotive space. Takahata Japan is also present in industrial products and parts such as office automation equipment, optical equipment, residential facilities, medical equipment, and accurate measuring instruments

TPIL is an ultimate subsidiary of Takahata Japan, incorporated in 2010, and has its manufacturing facility at Neemrana, Rajasthan.

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