AZB & Partners, Desai & Diwanji, J Sagar Associates (JSA), Khaitan & Co and Japanese law firm Nagashima Ohno & Tsunematsu have advised on Hero Investments’ acquisition of Honda Motors’s 26 per cent stake in joint venture Hero Honda Motors for $851 million.

Khaitan & Co director Ketan Kothari and Nagashima Ohno & Tsunematsu partner Soichiro Uno represented Honda Motors as the company’s Indian and Japanese legal counsel respectively.

JSA founding partner Jyoti Sagar and partner Venkatesh Prasad acted for the Hero Group.

Desai & Diwanji and AZB & Partners meanwhile acted for the Government of Singapore Investment Corporation (GIC) and private equity firm Bain Capital respectively on their investments in Hero Investments to fund the deal. GIC invested $260m.

The Desai Diwanji team consisted of Mumbai partners Vishwang Desai and Vihang Virkar and associate partner Shyam Pandya while AZB’s Delhi-based partner Anil Kasturi led for Bain.

The deal marks the Japanese automaker’s exit from its Indian joint venture Hero Honda after 26 years of dominance as India’s largest manufacturers of motorcycles, according to VC Circle.