Kayaba Industry, a Japan-based manufacturer of suspension systems, hydraulic equipment, and system products has acquired 50 per cent stake in Conmat Systems for Rs. 57 crore ($10.5 million)..Rajani Associates advised Conmat and its promoters with a team comprising of Reena Grover, Tejasvini Shirodkar, Ankur Singhania and Jessica Chaudhary..Khaitan & Co advised Kayaba with a team led by Partner Zakir Merchant..Conmat is a group of companies, engaged in designing and manufacturing construction equipment, material handling systems, industrial storage systems and industrial automation and service provider for oil and gas pipeline..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
