Khaitan & Co. advised Hindustan Motors Limited in relation to business transfer of Chennai car plant of HML to Hindustan Motor Finance Corporation Limited. The transaction cost was of USD 25.5 million approximately (INR 150 crores approximately).

Hindustan Motors Limited, a CK Birla group company, is one of the oldest automobile manufacturing companies in India synonymous with their signature Ambassador vehicles. They have plants in Uttarpara and Chennai.

Concerned Partners from Corporate were Pradip Kumar Khaitan, Senior Partner & Arindam Sarkar and from Indirect Tax was Arvind Baheti.