“Engineering company Greaves Cotton Ltd said on Wednesday it has signed definitive agreements to acquire a majority stake in electric two-wheeler maker Ampere Vehicles Pvt. Ltd. Mumbai-headquartered Greaves Cotton will initially acquire 67% of Coimbatore-based Ampere for Rs 77 crore. It may buy another 13% for Rs 75.5 crore after three years, it said in a stock-exchange filing.” reported VCCircle.
DMD Advocates senior partner Rashi Dhir, partner Sumit Sinha, principal associate Raja Kishore, senior associate Ashima Dewan and associate Kaushal Prabhat with Greaves head legal Atindra Basu and deputy company secretary Manish Parekh acted for Greaves Cotton.
Coimbatore law firm Wallcliffs acted for Ampere Vehicles.
Update 4 June 2019: MD&T Partners advised exiting investor Forum Synergies India Trust led by a team of partners PV Sandhya and Mahesh Devaiah.
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