Tokai Kogyo Co., Ltd., Japan has acquired 50% shareholding of PPAP Tokai India Rubber Private Limited (PTI) from PPAP Automotive Ltd.
Pursuant to this acquisition, PTI has now become 100% subsidiary of Tokai.
KNM & Partners represented Tokai Kogyo Co. on this transaction.
The transaction team was led by Mukesh Kumar (Senior Partner), along with Mukesh Singhal (Senior Partner), and ably supported by Ashis Goel (Associate Partner), Akriti Yadav (Associate Partner) and Pooja Gupta (Principal Associate).
JSA advised PPAP Automotive on the sale of their stake to Tokai Kogyo Co.
The transaction was led by Sidharrth Shankar (Partner), Sidharth Sethi (Partner), Prakriti Jaiswal (Partner) and Shreya Sircar (Partner), and they were supported by Aditya Vardhan Dayal (Principal Associate), Pranav Rao N (Senior Associate), Eksha Narayan (Senior Associate) and Shivangi Pathak (Associate).
PTI is engaged in the business of manufacture of rubber automotive sealing system. PTI’s customers include major OEM manufacturers, viz., Maruti Suzuki, Toyota Honda, MG Motors, Volkswagen, Hyundai, KIA. TATA Motors, Renault Nissan, Isuzu.
PTI achieved a Revenue of INR 1.19 billion during the nine months ended December 31, 2025.
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