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Khaitan, JSA act on $80m RICO divestment of stake in FCC Rico to FCC Co

Khaitan & Co advised automobile multinational FCC Co in buying RICO Auto’s entire shareholding in FCC RICO for $80m (Rs 495 crore). RICO Auto was advised by J Sagar Associates.

Khaitan Mumbai corporate partner Zakir Merchant and competition partner Avaantika Kakkar acted for FCC Co.

JSA Delhi partner Venkatesh Raman Prasad acted for RICO, which, according to the Economic Times had a 50 per cent stake in FCC RICO.

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