Amarchand and Udwadia advise NHK to buy out BCL Springs Unit of Wadia Group

Amarchand and Udwadia advise NHK to buy out BCL Springs Unit of Wadia Group

NHK Automotive Components India (NHK India), a wholly owned subsidiary of NHK Spring Japan (NHK Japan) has agreed to purchase the BCL Springs Division of Bombay Burmah Trading Corporation as a going concern on a slum sale basis for Rs. 180.50 crore ($38.9 million). The sale is subject to obtaining regulatory approvals including approval from the Competition Commission of India.

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