The Toyota group has acquired the car dealership business from Ravindu Motors Private Limited through a business transfer arrangement.

Lakshmikumaran & Sridharan Attorneys advised and represented the Toyota group on this acquisition. The Firm provided end-to-end legal and transactional support to Toyota including structuring, drafting and negotiations of transaction documents, and deal closing. The Firm was instrumental in conducting a comprehensive legal due diligence on the business undertaking of Ravindu Motors and advising the Toyota Group on the overall structuring of the transfer of multiple asset classes as part of the business transfer.

The transaction team comprised of Srabonee Roy (Partner), Debanik Bid (Principal Associate), Associates Sushmita Sharma, Mathanki Narayanan and Atrijo Banerjee from the Corporate and M&A team, and Neelambera Sandeepan (Partner) and Charms Mathews (Senior Associate) from the Competition & Antitrust team.

The due diligence team included:

Kunal Arora (Partner), Mitushi Garg (Senior Associate) and Jeevesh Jain (Associate) on real estate aspects.

Dinesh Babu Eedi (Partner) supported by Parth Agrawal (Principal Associate) and Guru Charan Anumula (Associate) on litigation aspects.

Kumar Panda (Principal Associate), Alekhya Kanda (Senior Associate), Aishwarya Narasimhan (Associate) and Netri Agrawal (Associate) on regulatory and employment matters.

Following the transaction, the dealership operates under the brand name “Bharat Toyota” and has paved way for Toyota in the dealership market in Karnataka providing comprehensive market coverage and strong customer base.

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