Eurogroup Laminations S.P.A. is acquiring 40% stake in Kumar Precision Stampings Private Limited, a leading local player in the production and distribution of stators and rotors for electric motors, with various industrial and domestic applications.
Shardul Amarchand Mangaldas & Co advised Eurogroup Laminations on this transaction.
The transaction team was led by Abhishek Guha, Partner; Tanya Uppal, Partner; Kajal Advani, Senior Associate; and Reeya Benedict, Senior Associate.
The due diligence team was led by Abhishek Guha, Partner; Tanya Uppal, Partner; Radhika Dudhat, Partner; Mukul Baveja, Partner; Priyanka Sheth, Counsel; Rachna Bagri, Counsel; Kajal Advani, Senior Associate; Reeya Benedict, Senior Associate; Dhwani Baxi, Senior Associate; Aditi Rastogi, Senior Associate, Chayanika Goyal; Senior Associate; Srijan Srivastava, Associate; Disha Basnet, Associate; Shagun Singhal, Associate.
Freshfields Bruckhaus Deringer L.L.P advised Eurogroup Laminations on international legal aspects.
O.P. Khaitan & Co advised Kumar Precision Stampings Private Limited on the legal aspects.
This strategic move marks a significant milestone for EGLA allowing it to further consolidate the positioning of its industrial business unit at a global level, while successfully penetrating the highly attractive and fast-growing Indian market, which provides for untapped opportunities while also starting to operate in the fast-growing transformers’ business.
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