“As part of the ongoing consolidation being done across Tata Group companies, Tata Motors Ltd will sell its Defence business to Tata Advanced Systems Ltd (TASL). This will not include the pure civilian vehicles which will continue to be with Tata Motors,” reported Hindu Business Line.

Shardul Amarchand Mangaldas & Co advised Tata Advanced Systems Limited led by a team of Transaction: managing partner Akshay Chudasama; partner Anuj Prasad; partner Arka Banerjee; principal associate Anandita Kaushik; senior associate Ankit Mishra; senior associate Aditi Tralshawala; associate Payal Chhabria; associate Taruna Dhingra; associate Aditya Kumar Ayachit; Competition: partner Shweta Shroff Chopra; partner Aparna Mehra; principal associate Vivek Agarwal; senior associate Ritwik Bhattacharya; associate Gayatri Pradhan.

2018-04-26

Deal value: confidential

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