Media & Events
Shardul Amarchand Mangaldas & Co. advises KYB Corporation in Divesting Majority Stake in KYB Conmat to Conmat Projects
March 11, 2025
Shardul Amarchand Mangaldas & Co. advised KYB Corporation (“KYB“) in relation to transferring its 51% shareholding in its joint venture entity, KYB Conmat Private Limited (“KCPL”), to Conmat Projects Private Limited (“CPPL”) (affiliate of joint venture partner, Mr. Prem Raj Keshyep (“PRK”)) through a share purchase and closed on 6 January 2025.
In conjunction with this transaction, KYB and KCPL have entered into a license agreement, enabling the licensing of certain intellectual property by KYB to KCPL.
The transaction team was led by a multidisciplinary team comprising Rudra Kumar Pandey, Partner; Smarika Singh, Partner; Srinivas Anirudh, Partner; Shreya Bhatnagar, Associate; Rachit Grover, Associate; and Ishaan Saraswat, Associate. Jyoti Gautam, Senior Associate also supported the transaction team on certain corporate law aspects.
Additional expertise was provided by the Firm’s specialized teams:
- Tax: Led by Rahul Yadav, Counsel with Nimish Malpani, Senior Associate.
- Disputes: Led by Smarika Singh, Partner; and Saifur Rahman Faridi, Partner.
- Intellectual Property: Led by Apoorva Murali, Partner, with Aishwarya Chaturvedi, Associate.
- Competition Law: Led by Manika Brar, Partner, with Aniket Ghosh, Principal Associate; and Rohan Bhargava, Associate.
- Insolvency & Bankruptcy: Led by Anoop Rawat, Partner; Saurav Panda, Partner, with Amrit Mahal, Senior Associate; and Samidha Mathur, Associate.
KYB Corporation was also advised by Morrison Foerster, Tokyo.
The counterparties, including KCPL, CPPL, and PRK, were represented by DSK Legal.
