Takahata Precision Co. Ltd. and Takahata Precision Pte. Ltd. (“Takahata Group”) have executed a share purchase agreement and other definitive documents with SPR Engenious Limited, a wholly owned subsidiary of Shriram Pistons & Rings Limited (“SPRL”), in relation to a divestment of 75% of their shareholding in Takahata Precision India Private Limited (“Takahata India”) [1].

The purpose of this transaction is to further expand Takahata India’s business by collaborating with SPRL, following completion of this transaction.

Our Firm acted as the Indian counsel for the Takahata Group and Takahata India on this transaction.

Deal Value – Enterprise value of INR 2.22 billion (as adjusted)

INDUSLAW Team – Rohit Ambast (Partner), Neha Balodhi (Senior Associate), Kajal Kashyap (Associate) and Gursimar Setia (Associate), with strategic inputs from senior corporate partner Saurav Kumar.

Other law firms involved –

  • Kitahama Partners, Tokyo, led by Daisuke Sakai, acted as the lead transaction counsel for the Client.
  • SRPL was represented by Luthra and Luthra Law Offices India

[1] https://www.livemint.com/companies/news/shriram-pistons-to-invest-rs-222-crore-in-takahata-precision-india-11675939193445.html


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