DSK Legal represented Minda Industries Limited, in relation to formation and investment in a joint venture company between Minda and Germany based Friwo Group for combining expertise in providing e-mobility solutions for electrical two-and three wheelers in India. The JVC has been established with the aim to combine Minda and Friwo’s technologies and production capabilities and will engage in the business of manufacturing, marketing and sale of electric devices and components, including software related to the automotive industry and undertake other related business in the Indian subcontinent.
DSK Legal advised Minda in reviewing, negotiating and finalizing various transaction documents with respect to setting up of the JVC. The DSK Legal team was led by Associate Partner Mr. Nakul Batra, Senior Associate Ms. Palak Sehgal and Associate, Ms. Shreya Singh.
Partner, Mr. Rishi Anand acted as the engagement partner for this assignment and provided crucial inputs on the transaction.
Friwo Germany was advised by Khaitan & Co.