Corrected and Reissued: Shardul Amarchand Mangaldas & Co Advises Uber on Vehicle Purchase and Financing Arrangement with Tata Group

Shardul Amarchand Mangaldas & Co (SAM & Co) advised Uber on vehicle purchase and financing agreements with Tata Motors Ltd., Tata Motors Financial Ltd., and Tata Capital Ltd. The agreement is the first of its kind vehicle sale and financing arrangement in India.

Shardul Amarchand Mangaldas & Co Team advised on all aspects of the transactions and was led by Deepto Roy, Partner, and included Ms. Ashni Roy, Partner, Mr. Abhay Sharma, Partner, Ms. Shweta Shroff Chopra, Partner, Ms. Manika Brar, Partner, Mr. Anuj Bhasme, Principal Associate, Mr. Oscar D’sa, Principal Associate, Mr. Ankit Guha, Principal Associate – Designate; Mr. Rohan Arora, Senior Associate; and Mr. Akshay Kumar Sharma, Associate.

The parties involved in the transaction were Uber Inc, Uber NV, Uber India (our client); Tata Motors Ltd, Tata Capital, Tata Motors Finance Ltd.

Other advisors to the deal were Ernst & Young (Tax Advisers to Uber); AZB & Partners (Legal Advisor to Tata)

The deal was signed on 31 March 2016 and closed on June 16, 2016.

About Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas is one of India’s leading full service law firms. Founded on almost a century of legal achievement, Shardul Amarchand Mangaldas reconstituted in May 2015. Its mission is to ‘enable business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration’.

The Firm is known for its exceptional Merger & Acquisition, Private Equity, Competition Law, Dispute Resolution, Capital Markets and Project & Project Finance practices globally.

The Firm has been at the helm of major headline transactions and litigation in all segments of industry, besides advising major multi-national corporates on their entry into India and their business strategy.

The Firm has more than 430 lawyers, including 70 partners at its offices in six cities across India, which include – New Delhi, Mumbai, Gurgaon, Ahmedabad, Bengaluru and Kolkata.