Japan’s Mitsubishi Corp. is set to increase its 3% stake in TVS Automobile Solutions Pvt. Ltd (TASL) to 25%, the companies announced on Monday in Chennai.

— Mint

TVS Automobile Solutions Private Limited (TASL), one of India’s leading independent aftermarket players and part of the $8.5 bn TVS group, has announced strategic partnership with Mitsubishi Corporation (MC), Japan. Mitsubishi will take a substantial minority stake in the company.

— Business Standard

Trilegal advised Mitsubishi Corporation led by a team of partner Charandeep Kaur along with counsel Prateek Rastogi and Clarence Anthony, senior associates Shringarika Priyadarshini and Harshit Anand and associates Dhruv Malhotra, Abhimanyu Hazari and Yashaswee Sarkhel. Competition aspects were led by national head competition and partner Nisha Kaur Uberoi along with partner Soumya Hariharan, counsel Gautam Chawla, senior associate Nandita Sahai and associates Harshita Parmar, Sarthak Pande and Shambhvi Sinha.

AZB & Partners advised TVS Automobile Solutions Private Limited, led by partners Srinath Dasari, Samir Gandhi and Nanditha Gopal, with senior associates Rahul Satyan, Pranav Mody and Shantanu Singh in the joint venture.

2019-06-01

Deal value: Approximately INR 250 Cr

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