Saraf and Partners advised Maruti Suzuki India in the acquisition of Suzuki Motor Gujarat Private Limited

Saraf and Partners advised Maruti Suzuki India in the acquisition of Suzuki Motor Gujarat Private Limited

Saraf and Partners advised Maruti Suzuki India Limited (MSIL) in connection with 100% acquisition of Suzuki Motor Gujarat Private Limited (SMG), a wholly owned subsidiary of Suzuki Motor Corporation, Japan (SMC), for approximately USD 1.5 billion (INR 12,500 crores), by way of preferential issuance of equity shares of MSIL to SMC.

This is one of the most significant and high value transactions in the automobile sector in India in the recent past.

With the growth of the Indian car market and export potential, MSIL has been making constant efforts to increase its production capacity. The Transaction is of crucial importance for these efforts to succeed and consolidate its vehicle production. The team assisted MSIL in the entire transaction including all documentation, legal and regulatory requirements.

The team was led by Senior Partner, Vaibhav Kakkar and Partner, Snigdhaneel Satpathy.