Automotive battery maker Exide Industries has signed a pact with Swiss-based firm Leclanche SA for setting up a joint venture company to build lithium-ion batteries and provide energy storage systems for India’s electric vehicle market..Trilegal acted for Leclanche with a team led by Partners Akshay Jaitly and Charandeep Kaur along with Counsel Moksha Bhat and Associates Shringarika Priyadarshini and Dhruv Malhotra..The Trilegal team members working on the intellectual property licensing included Partner Nikhil Narendran, Senior Associate Nirupama Jayasimha and Associate Kiron Noronha..Trilegal’s Competition Law team was led by Partner Nisha Kaur Uberoi, Partner and the taxation team was led by Samsuddha Majumder..Shardul Amarchand Mangaldas advised Exide and the team was led by Partner Sakshi Mehra along with Senior Associate Shiladitya Banerjee..As part of the joint venture agreement, Exide Industries will hold a majority stake of 74.99 percent and the rest 25.01 percent will be held by Leclanche in the JV firm..Image is taken from here.
Automotive battery maker Exide Industries has signed a pact with Swiss-based firm Leclanche SA for setting up a joint venture company to build lithium-ion batteries and provide energy storage systems for India’s electric vehicle market..Trilegal acted for Leclanche with a team led by Partners Akshay Jaitly and Charandeep Kaur along with Counsel Moksha Bhat and Associates Shringarika Priyadarshini and Dhruv Malhotra..The Trilegal team members working on the intellectual property licensing included Partner Nikhil Narendran, Senior Associate Nirupama Jayasimha and Associate Kiron Noronha..Trilegal’s Competition Law team was led by Partner Nisha Kaur Uberoi, Partner and the taxation team was led by Samsuddha Majumder..Shardul Amarchand Mangaldas advised Exide and the team was led by Partner Sakshi Mehra along with Senior Associate Shiladitya Banerjee..As part of the joint venture agreement, Exide Industries will hold a majority stake of 74.99 percent and the rest 25.01 percent will be held by Leclanche in the JV firm..Image is taken from here.