AZB & Partners advised Kwangsung Corporation Limited (KSC) on its acquisition of Sandhar Technologies Limited’s stake (exceeding 5%) in Kwangsung Sandhar Technologies Private Limited (KSTPL) and its subsidiary Kwangsung Sandhar Automotive Systems Private Limited (KSASPL) (together, the “Target Entities”).

The transaction, valued at approximately INR 110 million (USD 1.2 million),  marks KSC’s complete acquisition of the joint venture companies, consolidating its presence in the Indian automotive manufacturing sector.

The AZB & Partners team comprised Alka Nalavadi (Partner) and Kunal Kumbhat (Partner).