O.P. Khaitan & Co acted as legal advisor to Kumar Precision Stampings Private Limited and its Promoters in a transaction where Italian electric motor component maker EuroGroup Laminations S.p.A is buying 40% stake in Kumar Precision Stampings Private Limited.
At the closing, EuroGroup Laminations S.p.A is expected to acquire 40% stake in Kumar’s share capital through a combination of i) the direct purchase of a portion of shares held by Kumar’s current shareholders for Euro 13.9 million and ii) the simultaneous subscription of a capital increase in Kumar, equal to Euro 6.0 million, for a total amount of Euro 19.9 million.
O.P. Khaitan & Co team was led by Gautam Khaitan (Managing Partner), Suparna Sachar (Senior Partner) and Taru Bhardawaj (Associate).
Freshfields Bruckhaus Deringer L.L.P and Shardul Amarchand Mangaldas & Co. advised EuroGroup Laminations S.p.A in the transaction.