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
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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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