Trilegal is advising French carmaker Peugeot in its joint venture with two CK Birla Group entities, which were represented by Khaitan & Co.
The JV company involves CK Birla units Hindustan Motor Finance Corporation (HMFCL) and AVTEC, which manufactures powertrains and precision-engineered products. It is expected to manufacture powertrains and cars in India.
The partnership will be followed by Peugeot’s initial investment of $100 million in the state of Tamil Nadu, located in South India.
About 20 years ago, Peugeot abandoned the Indian market after it faced labour issues and growing losses.
The Trilegal team was led by partner Yogesh Singh and supported by counsel Ramakant Rai. Partner Bharat Anand handled the transaction for Khaitan & Co.
Related Articles
CAM continues July hiring spree with corporate lawyer from Trilegal
Cyril Amarchand Mangaldas has added a third partner in July, with Trilegal counsel Pooranimaa Hariharan joining the firm’s corporate practice in Bengaluru.
Mumbai: CAM snaps up Trilegal banking pro
Indian law firm Trilegal has seen a rare recent partner departure, with banking expert Pranav Sharma rejoining Cyril Amarchand Mangaldas as an equity partner in Mumbai.
Trilegal snaps up four partners in Mumbai, Bengaluru
Indian law firm Trilegal has expanded its capital markets and banking capabilities with the addition of four equity partners across Mumbai and Bengaluru, taking its total partner strength to 130.