Amanjot Malhi
Amanjot Malhi is a Partner at Shardul Amarchand Mangaldas & Co. He specialises in the field of Mergers & Acquisitions, Private Equity and General Corporate Advisory, and has an experience of more than 15 years.
He is also a member of the Japan and China Practices of the Firm, and has advised leading Japanese and Chinese corporations on setting up and expanding their India operations.
He has led on complex mergers and acquisitions and private equity transactional matters and has advised senior management and cross-functional teams of various multinational corporations and provided strategic legal support to them in terms of their commercial contracts and regulatory, compliance and employment matters.
While at the Firm, he was seconded to Mori Hamada & Matsumoto, Tokyo, Japan in the year 2018 – 2019. He was a member of the India Desk at MHM and had advised several Japanese companies in their India related transactions and matters.
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He has also been part of the Company Law Committee (2019) constituted by the Ministry of Corporate Affairs, Government of India to review offences under the Companies Act, 2013.
He has co-authored an article titled ‘Decoding the Amended Preferential Allotment Norms’ for the January 2022 edition of IBLJ.
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Select Experience Statement
He is currently advising a Japanese conglomerate on sale of its entire stake in a listed Indian company engaged in manufacturing of light commercial vehicles. He has, in the past, advised on the following prominent matters:
- Suzuki Motors Corporation, Japan (SMC) on sale of its entre shareholding in Suzuki Motor Gujarat Private Limited to Maruti Suzuki India Limited (MSIL), in consideration of issue and allotment of MSIL’s equity shares to SMC on a preferential allotment basis. This is a share swap transaction involving one of India’s largest listed automobiles companies which aims to enhance the efficiency of SMC and SMIL’s production and supply chain.
- A leading Japanese car manufacturer on launch of its digital businesses in India involving online sale of spare parts and accessories, financial marketplace and fleet management system.
- Nippon Steel Corporation, Japan on the acquisition of port, power and other logistics and infrastructure assets in India by ArcelorMittal Nippon Steel India Limited (AMNSI) (a joint venture between ArcelorMittal and Nippon Steel Corporation, Japan (NSC)) from Essar Group for approximately $2.4 Billion.
- Kubota Corporation, Japan on its acquisition of a controlling stake in Escorts Limited for approximately $1.26 Billion.
- Mitsui Fudosan Co., Ltd., Japan on its joint venture of $1 Billion with RMZ Corp for development of a commercial real estate project in Bengaluru, Karnataka.
- ADK Holdings Inc., Japan in relation to acquisition of 50.1% shareholding in Rage Communications Private Limited from EGAR Technologies LLP.
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- Kubota Corporation, Japan on its acquisition of a minority stake of 10% in Escorts Limited for approximately $146 Million.
- Kubota Corporation, Japan on its joint venture with Escorts Limited for manufacturing of tractors for domestic as well as export geographies.
- Nidec Group on its acquisition from Emerson India of a Pune based business unit comprising of certain assets and employees.
- Sumitomo Corporation, Japan for setting up of a power project in India, including several aspects relating to land acquisition and PPP projects.
- Suzuki Motor Corporation, Ltd., Japan on its joint venture with Toshiba Corporation and Denso Corporation to manufacture Lithium-ion batteries in India. The joint venture company was capitalized at 2 billion Japanese yen, with the planned participation ratio of Suzuki 50%, Toshiba 40% and Denso 10% respectively.
- From an Indian law perspective, the acquisition of preferred shares of Works Applications Co., Ltd. (and, indirectly, the equity stake of IVTL Infoview Technologies Private Limited) by ACA Investments Pte. Ltd. from a private equity fund managed by Polaris Capital Group Co., Ltd. and Karita & Company Inc.
- William Grant & Sons India Private Limited and William Grant & Sons Distillers Limited in relation to their engagement of Modi Industries Limited (for its unit Modi Distillery) for processing and bottling of ‘Grant’s Distinction’. Grant’s Distinction is a blended Scotch whisky and is a variant of one of the flagship brands of William Grant & Sons Distillers Limited e., Grant’s.
- Amtek India Limited on its joint venture with Tokyo based Riken Corporation.
- Amtek Auto Limited on its acquisition of a majority stake in Jamshedpur based JMT Auto Limited.
- Navitime Japan Company Limited and several other Japanese companies on privacy laws in India.
- Olam Agro India Limited on sale of its basmati rice milling facility to Herba Foods, S.L.U.
- Ozone Ayurvedics and its parent Ozone UK on sale of their brand ‘Nomarks’ to Bajaj Corporation Limited.
- IVRCL Limited on sale of its entire stake in three project companies to Tata Group promoted, TRIL Roads.
- Educomp Solutions Limited in connection with its acquisition of a majority stake in a holding company controlling a leading management school in India.
In the Private Equity Domain, he has advised on the following prominent matters:
- Tata Capital Healthcare Fund on its investment in Marck Biosciences Limited; and
- Kapsons Industries Limited in connection with an investment by Tata Capital Special Situations Fund.
In the Franchise Domain, he has advised:
- Sierra Nevada Restaurants Private Limited in connection with its execution of a master franchise agreement with Wendy’s Global Restaurants LLC to operate Wendy’s brand restaurants (US’ third largest fast food chain) across India; and
- Dolomite Restaurants Private Limited in connection with its execution of a master development agreement with Jamie’s Italian International Limited to operate Jamie’s Italian brand restaurants across India (Jamie’s Italian is a globally renowned Italian Restaurant run by the famous celebrity chef Jamie Oliver).
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A detailed experience statement can be shared on a confidential basis.
Professional Memberships
- Bar Council of Delhi
Education
- LL. B. (Hons), USLLS, Guru Gobind Singh Indraprastha University, Delhi
