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JSA advises Sumitomo Wiring in its stake sale in Samvardhana Motherson International

Deal
March 11, 2024

JSA advised Sumitomo Wiring Systems Ltd., in its sale of 4.43% of the equity capital of Samvardhana Motherson International through block deals.

Sumitomo Wiring Systems, Japan (SWS) and H. K. Wiring Systems, a subsidiary of SWS, who jointly held 14.32% equity share in Samvardhana Motherson International (SAMIL), has announced that it has sold 300 million shares amounting to 4.43% shares in SAMIL.

The move is part of SWS of its investment portfolio management efforts, thus diluting its stake to 9.89% in SAMIL.

Our Transaction Team Comprised Partner – Vikram Raghani, Birbahadur Sachar, Pracheta Bhattacharya and Associate – Tavishi Chandra.

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Tags Block Deal, Bulk Deal, JSA, Leading Law Firm, Leading Lawyers, Sale of Shares

Bir Bahadur Singh Sachar Partner

Bir is a member of JSA’s Corporate and Finance practice. He specialises in mergers & acquisitions (both listed and unlisted) and private equity (both listed and unlisted).

Pracheta Bhattacharya Partner

Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).

Tavishi Chandra Associate

Tavishi is part of the firm’s Corporate team. Her practice area includes corporate law, company laws, foreign investments, transaction and regulatory advisory.

Vikram Raghani Partner

Vikram is the Co-Chair of the Corporate Practice at JSA. His areas of practice include mergers & acquisitions, private equity and securities laws (including capital markets). He has been involved in private equity and mergers & acquisitions transactions also focusing on public market investments and M&A.