Jupiter Law, CAM on JTEKT Corp’s acquisition of stake in Sona Koyo for 420 crore

JTEKT Corporation, an existing shareholder of Sona Koyo Steering Systems Limited (SKSSL), has entered into an agreement to acquire the 25.12% stake presently held by Sona Group in SKSSL for a total consideration of Rs. 419.28 crore.

DealJTEKT acquires Sona Group’s 25.12% stake in SKSSL
Value419.28 crore
SectorAutomobile Manufacturing
Deal TypeM&A
Law FirmsJupiter Law Partners – JTEKT, Nishumura & Asahi – JTEKT (foreign counsel); Cyril Amarchand Mangaldas – Sona Group
Partners/HeadsJupiter Law Partners – Jagvir Singh, Debashish Sankhari and Madhular Tomar; Cyril Amarchand Mangaldas – Gautam Gandotra, Bharat Budholia

Jupiter Law Partners acted for JTEKT through a team led by Partners Jagvir Singh, Debashish Sankhari and Madhular Tomar, along with Senior Associate Smeeksha Bhola, and Associates Aratrika Nandi, Rajwant Bamel, Siddharth Bhargava and Shikha Singh.

Cyril Amarchand Mangaldas represented Sona Group with a team led by Partner Gautam Gandotra, with Partner Bharat Budholia handling the Competition Law aspects.

Japanese law firm Nishimura & Asahi advised JTEKT as foreign counsel.

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