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
JSA, Trilegal act on NTPC Green’s upcoming $1.2bln IPO
JSA Advocates & Solicitors is advising NTPC Green Energy, state-run power producer National Thermal Power Corporation’s renewable energy arm, on its announced initial public offering worth $1.2 billion, with Trilegal advising the book running lead managers.
Former Trilegal equity partner becomes CAM’s fourth September partner hire
Rohan Ghosh Roy, a former Trilegal partner who helped build the firm’s technology and private equity clientele, is joining Cyril Amarchand Mangaldas as equity partner in Mumbai, following a two-year career break.
CAM, Trilegal, W&C act on Prestige Estate’s $595 mln QIP
Cyril Amarchand Mangaldas has advised real estate developer Prestige Estates Projects on its $595 million qualified institutional placement of shares. Trilegal and White & Case advised the lead managers on the deal.