ZF Friedrichshafen AG and ZF International UK Limited advised by Shardul Amarchand in disinvesting ZF UK's 49% equity shareholding in Brakes India Private Limited
ZF Friedrichshafen AG (ZF AG) and ZF International UK Limited (ZF UK) were advised by Shardul Amarchand Mangaldas & Co. to disinvest ZF UK's 49% equity shareholding in Brakes India Private Limited to T.V. Sundram Iyengar and Sons Private Limited (TVS), Impal Motor Parts and Accessories Limited, Flometallic India Private Limited and Sundaram Financial Holdings Limited, following Competition Commissions of India direction.
The competition team was led by Aparna Mehra, Partner; Ritwik Bhattacharya, Principal Associate; Rahul Shukla, Senior Associate; Abhiruchi Jhawar, Associate; and Kshitij Sharma, Associate.
Strategic advice on the deal was provided by Pallavi Shroff, Managing Partner. The transaction team was led by Raghubir Menon, Partner; Anirban Bhattacharya, Partner; Tanmayee Chaulkar, Senior Associate; Pranav Sethi, Associate; and Akshita Singal, Associate. The litigation team was led by Aashish Gupta, Partner; Arjun Pall, Principal Associate; Rakshit Jha, Associate; and Alind Chopra, Associate. Tax Team was led by Amit Singhania, Partner; Gouri Puri, Partner; and Rajat Bose, Partner; Nimish Malpani, Associate; and Neeladri Chakrabarti, Consultant. The Projects and Projects Finance Team was led by Deepto Roy, Partner; Dnyanraj Desai, Principal Associate; and Mayank Bhardwaj, Senior Associate.
ZF UK and ZF AG were advised by Latham and Watkins and Citibankon foreign law aspect and financial aspect, respectively.
TVS, Impal Motor Parts and Accessories Limited, Flometallic India Private Limited and Sundaram Financial Holdings Limited were advised by JSA and Cyril Amarchand Mangaldas (CAM) Competition team on the legal aspect.
TVS, Impal Motor Parts and Accessories Limited, Flometallic India Private Limited and Sundaram Financial Holdings Limited were advised by Transaction Square on the financial aspect.