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JSA advised Nittoseiko Co., Ltd. on its 100% acquisition of shares in Vulcan Forge Private Limited

JSA advised Nittoseiko Co., Ltd. (“NS”), a publicly listed Japanese company engaged in the development and manufacture of products using fastening, assembly, and inspection technologies, on its 100% acquisition of Vulcan Forge Private Limited (“VF”). Upon completion of the transaction, VF and its wholly owned subsidiary, Vulcan Cold Forge Private Limited (“VCForge”) became the subsidiaries of NS. JSA team was involved in conducting comprehensive legal due diligence on VF and VCForge, as well as advising on transaction structuring and regulatory aspects, including matters relating to foreign direct investment.

Our transaction team comprised of Lead Partner, Trisheet Chatterjee, Partner, Sarvesh Kumar Saluja, Senior Associates, Kaishori Raut and Neeral Jain & Associates, Purboday Patitunda and Sourish Bagchi.

ITC Limited to raise its stake in Mother Sparsh, and undertake full acquisition in 2-3 years

JSA is advising Mother Sparsh Baby Care Private Limited (Mother Sparsh) in relation to its proposed acquisition by ITC Limited. ITC Limited is an existing shareholder of Mother Sparsh and currently holds 26.5% of its share capital. ITC Limited will now invest INR 81 crore to raise its stake in Mother Sparsh to 49.3%, with a target to undertake full acquisition of Mother Sparsh, in multiple tranches, over a time period of about 2-3 years. The 100% acquisition will be made through a combination of primary subscription and secondary share purchase. Mother Sparsh is a premium ayurvedic and natural personal care start-up, which is focused on baby personal care, health & hygiene and expert baby care.

Our transaction team comprised of Lead Partner, Sidharrth Shankar, Partner, Prakriti Jaiswal, Principal Associate, Anindita Basu and Senior Associate, Rishika Agarwal.

JSA Advises ELIQUENT Life Sciences and GHO Capital on its acquisition of 100% stake in Truliant Consulting

JSA advised ELIQUENT Life Sciences and GHO Capital on its 100% acquisition of Truliant Consulting Private Limited, as part of the global acquisition of its group company, Truliant Consulting LLC. ELIQUENT Life Sciences is a leading global consulting group delivering regulatory affairs, pharmacovigilance, quality and compliance solutions that support clients across therapeutic modalities, phase-based pathways and major global markets.

The integration of Truliant’s specialized knowledge and technology-driven service offerings expands ELIQUENT’s pharmacovigilance platform.

JSA assisted in all aspects of the transaction at the India level including structuring, negotiating, drafting and finalizing the definitive agreements.

The transaction team comprised of Lead Partner, Anand Lakra, Partner, Niharika Mepani, Principal Associate, Ami Shah, Associates, Rishabh Sharma, Diya Daveand Ishan Saxena.

Our employment team comprised of Partner, Sonakshi Das and Associate, Ananya Sharma.

Our taxation team comprised of Partner and Head of Practice, Direct Tax Kumarmanglam Vijay, Partner, Surajkumar Shetty and Associate, Tejasvi Shukla.

Media Coverage – Businesswire

1 Crowd Series A Investment in Gostops Hospitality

JSA represented 1Crowd in its primary investment in Gostops Hospitality Private Limited. In addition to 1Crowd the Series A round secured investment from Blume (lead investor) and other existing investors.

The team assisted in all aspects of the transaction, including structuring, negotiating and finalising the definitive agreements. Gostops Hospitality offers vibrant, social, and design-led hostel spaces for the new generation primarily in India. The funding will be used to strengthen operations, enhance technology, and elevate the social and experiential aspects of its existing properties, reinforcing goSTOPS as the preferred travel and lifestyle brand for India’s youth.

The transaction was led by Lead Partner, Kanishka Bajpai and Associate, Rahi Barfiwala.

Media Coverage – CNBC TV18 .

LX International Corp. in its sale of 35% stake in POSCO-India Pune Processing Center

JSA advised LX International Corp. in its sale of 35% stake in POSCO-India Pune Processing Center Private Limited (IPPC). LX International is a global trading company that provides a full suite of services across the entire value chain ranging from trading to business development, investment to financing, and raw material supply to logistics. POSCO Group is a global steel giant. IPPC is involved in processing and distributing value-added steel products, including hot-rolled coils, cold-rolled coils, galvanised steel, and specialty steel products.

Our Corporate team comprised of Lead Partner, Anand Lakra, Partner, Niharika Mepani and Senior Associate, Jinay Shah.

Our Taxation team comprised of Partner Kumarmangalam Vijay and Suraj Shettyand Associate, Tejasvi Shukla.

Our Competition team comprised of Partner, Vaibhav Choukse & Ela Bali and Principal Associate Nripi Jolly.

Donau Carbon in its 100% acquisition of Kalpa Char Products

JSA represented Donau Carbon GmbH, a business unit of Donau Chemie AG, on its acquisition of Kalpa Char Products Private Limited. This marks the Donau Group’s first investment in India, furthering its global footprint in the activated carbon industry. Donau Carbon GmbH is part of the Donau Chemie group which is amongst the leading manufacturers of activated carbon in the world, with a company history of more than 100 years. Their activated carbon portfolio comprises a wide spectrum of powdered, granular and extruded activated carbon grades manufactured from raw materials like coal, lignite, coconut shell and wood by all the customary activation processes.

Our deal team comprised of Lead Partner, Anand Lakra, Partner, Niharika Mepani, Principal Associate, Ami Shah, Senior Associate, Jinay Shah and Associates, Diya Dave and Rahi Barfiwala.

CriticaLog and LoGon Investments GmbH stake sale to Shadowfax

JSA advised the Promoters of CriticaLog and its key investor LoGon Investments GmbH on their sale of shares to Shadowfax.

CriticaLog is a critical logistics service provider and is engaged in high-value shipments, including electronics, pharmaceuticals, automobile spare parts, etc and it has an industry-leading 0% loss rate for high-value goods and serves over 400 organizations, including Fortune 500 businesses. Shadowfax provides logistics solutions for a variety of industries, and it presently offers third-party logistics services to D2C brands and e-commerce businesses in more than 2,500 locations and 18,000 pin codes.

Our Corporate team was led by Partners, Raj Ramachandran and Santosh Vijay with support from Associates, Mannat Nirola and Shashank Uppalapati.

Our Taxation team comprised of Partner, Kumarmanglam Vijay and Associate, Tejasvi Shukla.

Media Coverage – The Economic Times

Harnessing AI for Enhanced Legal Performance in M&A Deals

Introduction:

In the fast-paced world of mergers and acquisitions (M&A), legal professionals face the daunting task of navigating complex regulatory frameworks, scrutinizing voluminous documents, and identifying potential risks and liabilities associated with transactions. Amidst these challenges, the integration of artificial intelligence (AI) has emerged as a transformative force, revolutionizing traditional approaches, enhance accuracy, and deliver greater value to clients. This note explores how AI is reshaping the landscape of M&A deals from a legal standpoint and the various ways in which law firms and legal advisors are leveraging AI technologies to drive efficiency and achieve better outcomes.

Please click here to read the full article by Senior Associate – Jinay Shah published in Lexology.

JSA advised MUFG Bank Ltd. in its investment in Shiprocket Limited

JSA advised MUFG Bank Ltd. (MUFG) in relation to acquisition of stake in Shiprocket Limited (Shiprocket). Shiprocket raised ₹219 crore (approximately $26 million) in an extension of its Series E funding round.

Along with MUFG, KDT Ventures (the lead investor), Tribe Capital, SAI Global, and Huddle Collective, also participated in this round. MUFG Bank, Ltd is a Japanese bank and the core banking subsidiary of the Mitsubishi UFJ Financial Group, which is a leading global financial services group and one of the largest banking institutions in Japan.

Shiprocket is an ecommerce enablement platform providing digital retailers an end-to-end customer experience platform including but not limited to shipping, fulfilment, customer communication and marketing tools as well as providers for SMEs, D2C retailers, and social commerce retailers in India.

Our transaction team comprised: Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Senior Associate – Zarish Ali, and Associate – Muskaan Gupta.

Our tax team comprised: Partner and Head of Practice, Direct Tax – Kumarmanglam Vijay, Partner – Surajkumar Shetty, Senior Associate – Divyam Mittal, and Associate – Harshita Agrawal.

Our competition team comprised: Partners – Vaibhav Choukse and Ela Bali, Principal Associate – Nripi Jolly, Senior Associate – Aditi Khanna, and Junior Associate – Arundhati Rajput.

JSA advises Bajaj Consumer Care Limited in its 100% acquisition of Vishal Personal Care Private Limited

JSA advised Bajaj Consumer Care Limited (BCCL), a public listed FMCG company within the Bajaj Group, in its 100% acquisition of Vishal Personal Care Private Limited, a company engaged in the business of manufacturing skin and hair care products under the brand name ‘Banjara’s’, from Peepul Capital, a private equity fund.

The acquisition will be completed in two tranches where BCCL will initially acquire a minority 49% stake, followed by a time bound acquisition of the remaining 51%, subject to the satisfactory completion of the customary closing conditions as agreed in the transaction documents.

By way of this acquisition, BCCL intends to expand its footprint across Indian markets, leveraging the growing demand for natural and Ayurvedic personal care products. JSA team played a key role in providing end-to-end assistance in every step of the transaction. By undertaking due diligence of the target, structuring the transaction, negotiations on transaction documents and advising on all ancillary issues – JSA was involved in all aspects of the transaction.

Our transaction team comprised: Partners – Kartik Jain and Anant Mishra, Senior Associates – Archi Roy and Kumar Shubham, Associates – Anmol Mahajan and Prakhar Agarwal, Junior Associate – Vishal Chowdary, and Company Secretary – Alisha Chawla.

Our due diligence team comprised: Partners – Kartik Jain and Preetha S, Senior Associates – Archi Roy and Kaushik Pranav Dangeti, Associates – Anmol Mahajan, Aishwarya Manjooran, Sharique Uddin, and Samyutha Samudrala Rao, Junior Associate – Vishal Chowdary, and Company Secretary – Alisha Chawla.

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