JM Financial India Growth Fund III, along with its family offices, has acquired a minority stake in N.G. Electro Products Private Limited by investing ~₹150 crore.

The transaction is structured as a combination of a primary infusion into NG Electro and a secondary acquisition of shares from the existing promoter group.

TT&A advised NG Electro on this transaction.

The transaction team consisted of Gautam Saha (Managing Partner), Shivranjani Ralawata (Partner), Garvita Mehrotra (Managing Associate) and Radhika Sarda (Senior Associate).

Trilegal advised JM Financial on all legal aspects of the transaction, including comprehensive due diligence, structuring, drafting, and negotiation of definitive transaction documents, and providing end-to-end support through to closing.

The transaction team was led by Amit Khansaheb (Partner) and Nikhil Sachdeva (Partner), with support from Mayank Malhotra (Counsel), Sindhujaa Nayak (Senior Associate), Associates Ayush Sharma and Sidharth Sankar Pattnaik.

NG Electro is a leading Indian OEM/ODM manufacturer in the consumer goods, personal care, and over-the-counter and nutraceutical segments.

The capital infusion is expected to further strengthen the Company’s manufacturing capabilities, drive operational scale, and support its strategic expansion into new markets.

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