•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Desai Diwanji, Amicus on Amtek’s $18m buy of JMT

Desai & Diwanji advised auto parts maker Amtek Auto, which bought 51.2 per cent in the Jamshedpur-based JMT Auto for Rs 110 crore ($18.4m), according to VCCircle. JMT Auto was advised by Amicus.

Desai & Diwanji Gurgaon-based partner Raghav Mathur assisted by senior associates Nikhil Sachdeva and Jinni Sinha with associates Amanjot Malhi, Nakul Batra and Nitya Chadha acted for Amtek. The company made an open offer to purchase an additional 26 per cent equity in JMT for Rs 55.6 crore.

Amicus co-founding partner Shivi Agarwal acted for JMT, which had revenues of over Rs 300 crore on 31 March, according to the Economic Times. Amtek is backed by funds ChrysCapital and Warburg Pincus, and ChrysCapital also holds 30.5 per cent in JMT, according to VCCircle.

No comments yet: share your views

Latest comments