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Amarchand Delhi acts for Sumitomo on Rs 200 cr buy of Kochhar-client Carzonrent

Amarchand Mangaldas together with Japanese firm Anderson Mori & Tomotsune advised Sumitomo Corporation Japan, with Amarchand also advising SMAS Auto Leasing India on acquiring the auto leasing business of New Delhi-based Carzonrent, which was advised by Kochhar & Co. The acquisition was for Rs 200 crore, as reported by the Times of India.

Amarchand Delhi partner Puja Sondhi, principal associate Ramanuj Gopalan, senior associate Sushrut Biswal and associate Vasudha Sharma acted for Sumitomo and SMAS. Kochhar Delhi partner Niti Paul, senior associate Maureen Z Ralte and associate Akshit Kapoor acted for Carzonrent. [Correction: The first published story had the wrong first name for Kapoor. The error is regretted.]

SMAS, a Japanese automobile joint venture, enters the Indian market through this deal, reported Mint.

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