Mahindra & Mahindra has formed a joint venture (JV) with Ford Motor Company after buying a 51 percent stake in the Indian unit of the US auto major..Valued at INR 1,925 crores (US$275 million), the joint venture will be operationally managed by Mahindra, and its governance will be equally composed of representatives of Mahindra and Ford..The transaction was handled by Mahindra’s in-house Group Legal team: Christopher Krishnamoorthy, Hoshedar Havewala and Karishma Muravne on the Corporate/M&A aspect while Girish Gadgil, Avinash Galav and Suraj Singh on Auto Business aspect and Shilpa Joshi on Intellectual Property issues..Linklaters provided the English law aspect and the team was led by Partner Savi Hebbur..Khaitan & Co also advised Mahindra & Mahindra and the team was led by Partner Bhavik Narsana along with Principal Associates Niharika Mepani and Vidur Sinha and Associate Bhavya Bhankharia..Principal Associates Niharika Mepani, Vidur Sinha and Saswat Subasit and Associates Bhavya Bhankharia, Shubhi Pahwa and Nirali Trivedi acted on diligence aspects. Partner Harsh Parikh along with Senior Associate Sneha Oak Joshi and Associate Aleesha Jadhav advised on Real Estate Aspects while Partner Adheesh Nargolkar and Senior Associate Sourav Dan advised on IP aspects..Indian competition law advice was provided by Avaantika Kakkar Partner at Cyril Amarchand Mangaldas, supported by Principal Associate Kirthi Srinivas. Global competition law advice was provided by Partner Bernd Meyring at Linklaters..Ford Motor Company of Michigan and its Indian subsidiary Ford India Private Ltd. were represented by Hogan Lovells, led by William Curtin (Hogan Lovells’ Global Head of M&A), with.JSA provided Indian law advice to Ford and the team was led by Partners Venkatesh Raman Prasad, Ronak Ajmera and Ashish Suman along with Principal Associate Shivani Chugh and Associates Ankit Srivastav, Ashwin Nayar, Ankita Jain, Sweta Singh, Oshin Taneja, and Lipi Sarin..Partners Amitabh Kumar and Vaibhav Choukse, Principal Associate Unnati Agrawal and Associate Parth Sehan advised on the anti-trust related issues. Partner Kumarmanglam Vijay advised on the tax-related issues..Partner Bijal H. Chhatrapati and Associate Arvind A. Parikh advised on the land and labor-related issues pertaining to the State of Gujarat. Partner Vinod Kumar, Senior Associate Srinivasan M.D. and Associate Hemangini Srinidhi advised on the land and labour related issues pertaining to the State of Tamil Nadu.
Mahindra & Mahindra has formed a joint venture (JV) with Ford Motor Company after buying a 51 percent stake in the Indian unit of the US auto major..Valued at INR 1,925 crores (US$275 million), the joint venture will be operationally managed by Mahindra, and its governance will be equally composed of representatives of Mahindra and Ford..The transaction was handled by Mahindra’s in-house Group Legal team: Christopher Krishnamoorthy, Hoshedar Havewala and Karishma Muravne on the Corporate/M&A aspect while Girish Gadgil, Avinash Galav and Suraj Singh on Auto Business aspect and Shilpa Joshi on Intellectual Property issues..Linklaters provided the English law aspect and the team was led by Partner Savi Hebbur..Khaitan & Co also advised Mahindra & Mahindra and the team was led by Partner Bhavik Narsana along with Principal Associates Niharika Mepani and Vidur Sinha and Associate Bhavya Bhankharia..Principal Associates Niharika Mepani, Vidur Sinha and Saswat Subasit and Associates Bhavya Bhankharia, Shubhi Pahwa and Nirali Trivedi acted on diligence aspects. Partner Harsh Parikh along with Senior Associate Sneha Oak Joshi and Associate Aleesha Jadhav advised on Real Estate Aspects while Partner Adheesh Nargolkar and Senior Associate Sourav Dan advised on IP aspects..Indian competition law advice was provided by Avaantika Kakkar Partner at Cyril Amarchand Mangaldas, supported by Principal Associate Kirthi Srinivas. Global competition law advice was provided by Partner Bernd Meyring at Linklaters..Ford Motor Company of Michigan and its Indian subsidiary Ford India Private Ltd. were represented by Hogan Lovells, led by William Curtin (Hogan Lovells’ Global Head of M&A), with.JSA provided Indian law advice to Ford and the team was led by Partners Venkatesh Raman Prasad, Ronak Ajmera and Ashish Suman along with Principal Associate Shivani Chugh and Associates Ankit Srivastav, Ashwin Nayar, Ankita Jain, Sweta Singh, Oshin Taneja, and Lipi Sarin..Partners Amitabh Kumar and Vaibhav Choukse, Principal Associate Unnati Agrawal and Associate Parth Sehan advised on the anti-trust related issues. Partner Kumarmanglam Vijay advised on the tax-related issues..Partner Bijal H. Chhatrapati and Associate Arvind A. Parikh advised on the land and labor-related issues pertaining to the State of Gujarat. Partner Vinod Kumar, Senior Associate Srinivasan M.D. and Associate Hemangini Srinidhi advised on the land and labour related issues pertaining to the State of Tamil Nadu.
