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Trilegal acts on Hitachi’s buy in Vikas Group with Mori Hamada, E&Y

Trilegal and Japanese firm Mori Hamada & Matsumoto (MHM) advised Japanese metal giant Hitachi Metals in buying a majority stake in two Vikas Group entities. Vikas Group was advised in house.

Trilegal Delhi partner Charandeep Kaur with senior associate Ramakant Rai and associates Meha Rashmi and Prithwijit Gangopadhyay and MHM partner Ko Fujita acted for Hitachi Metals whose group members Nam Yang Metals and Hitachi Metals Singapore will take equity stakes of 51 per cent in the Vikas Group units, with whom they have technical and sales partnership in India, according to the Auto Tech Review.

Ernst & Young Delhi partner Nitin Savara acted for Hitachi as financial advisers.

Hitachi will invest in Vikas Group’s automotive casting units RPS Vikas Castings and Garima Vikas Metals, and already has a technology transfer agreement with the Vikas Group, according to a Trilegal press release.

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