Talbros Automotive Components Limited (TACL), a public listed company, has entered into binding agreements to sell its entire 40% stake in the joint venture company, Nippon Leakless Talbros Private Limited to Nippon Leakless.

The Joint Venture company, Nippon Leakless Talbros Private Limited, established in 2005 with TACL owning 40% and Nippon Leakless Corporation holding the remaining 60%, specializes in manufacturing Gaskets for major two-wheeler OEMs in India.

OP Khaitan & Co acted as the legal counsel to TACL.

The transaction team was led by Gautam Khaitan (Managing Partner) and Suparna Sachar (Senior Partner) along with Taru Bhardwaj (Associate) and Arnav Chaudhary (Associate).

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