Belrise Industries Limited is set to acquire the India Tipper Body Business from Hyva (India) Private Limited, a subsidiary of JOST Werke SE.

JSA Advocates & Solicitors advised Belrise Industries on this acquisition.

The transaction was led by Kushal Ramotre (Partner), with strategic inputs from Siddharth Mody (Partner), and support from Ayushi Berry (Senior Associate), Priankita Das (Associate) and Ishika Mehta (Junior Associate).

Khaitan & Co advised Hyva (India) on the Indian law aspects of this transaction.

The transaction team consisted of Padam Kumar Khaitan (Senior Partner), Shourya Sengupta (Partner), Sneh Lata (Counsel), Vibhav Seth (Principal Associate) and Ishika Sinha (Associate). They were assisted by the following:

Direct tax aspects: Sneh Shah (Partner), Jinisha Jain (Senior Associate), Krishnal Shailesh Agrawal (Associate)

Real Estate aspects: Subhro Chatterjee (Partner), Shreetama Chakraborty (Principal Associate)

Corporate aspects: Supallab Chakraborty (Principal Associate), Lavanya Agarwal (Associate)

Employment aspects: Abhinav Rastogi (Partner), Ajeta Anand (Senior Associate), Aditya Shekhar (Associate)

Intellectual property aspects: Nirupam Lodha (Partner), Shivangi Narang (Principal Associate), Rebecca Cardoso (Associate)

Restructuring aspects: Rusha Mitra (Partner).

White & Case acted as the lead counsel to Hyva and its parent JOST Werke SE on this transaction.

The acquisition remains subject to customary regulatory approvals and closing conditions.

This acquisition supports Belrise's long-term strategy to enhance its capabilities in the commercial vehicle sector while strengthening its foothold in rapidly growing industries such as construction, mining, defense, and infrastructure.

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