Shardul Amarchand Mangaldas & Co. Advises Ashok Leyland on CCI Approvals for exit of Nissan from JVs

Shardul Amarchand Mangaldas & Co represented Ashok Leyland Limited (ALL) before the Competition Commission of India in relation to the transaction involving exit of Nissan Motor Co., Ltd (NML) from the three joint ventures of ALL and NML – Ashok Leyland Nissan Vehicles Limited, Nissan Ashok Leyland Technologies Limited and Nissan Ashok Leyland Powertrain Limited. Post the transaction, the three joint venture companies will be wholly owned, and solely controlled by ALL.

The Competition Law Team of Shardul Amarchand Mangaldas & Co advised the ALL team in relation to the filing before the CCI, including filing the notification form with the CCI. The team was led by Ms. Shweta Shroff Chopra, Partner and included Mr. Vivek Agarwal, Senior Associate.

The parties involved in the transaction were Ashok Leyland Limited (our clients) and Nissan Motor Co. Limited (counter Party).

Other advisors to the transaction were J. Sagar Associates (for Nissan Motors).

The value of the deal was INR 225 Crore.

The agreement was signed on 7 September, 2016 and the closure is subject to regulatory approvals.

About Shardul Amarchand Mangaldas & Co.

Founded in 2015, Shardul Amarchand Mangaldas & Co., is one of India’s leading law firms rated by International organisations, law directories and professional journals. As a full service law firm, it is renowned in the business community for its ability to enable business, its innovative solutions, its responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” with a legacy of 99 years.

The Firm has over 430 lawyers, including 87 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurgaon, Ahmedabad, Kolkata, Bangalore and Chennai.