Khaitan & Co advised Somic Ishikawa Inc. in finalising agreement for acquisition of balance stake from existing joint venture partner, ZF India Pvt Ltd, making Somic ZF Components Pvt Ltd a wholly owned subsidiary of the Somic group.
The Firm acted as legal counsel to Somic Ishikawa Inc. on all legal aspects of the transaction, including: (i) negotiating, drafting, and reviewing transaction documents; (ii) conducting limited legal due diligence on Somic ZF Components Private Limited; and (iii) assisting with the execution of transaction documents.
The deal was assisted by
Competition / Antitrust: Anshuman Sakle (Partner) and Rishabh Vohra (Senior Associate)
Direct tax: Jimmy Bhatt (Partner) and Viraj Doshi (Principal Associate)
Indirect tax: Mayank Jain (Partner) and Pranay Sahay (Principal Associate)
Dispute Resolution: Kingshuk Banerjee (Partner) and Haabil Vahanvaty (Principal Associate)
Corporate and Commercial: Neil Trivedi (Associate)
Employment, Labour & Benefits: Deepak Kumar (Partner) and Varsha Sankara Raman (Associate)
The core team consisted of Zakir Merchant (Partner), Vidur Sinha (Partner), Yashashree Mahajan (Partner), Divakar Gupta (Principal Associate), Akshita Goel (Senior Associate), Sushma Reddy (Senior Associate) and Satoko Kikuta (Consultant).