Kochhar & Co., Mumbai advised EnerSys and Energy Leader Batteries India Private Limited in the (i) purchase of entire shareholding in the Company from its promoters; and (ii) exit of the Promoters from the management and board of the Company. Scope of work involved drafting, reviewing, negotiating and finalising the transaction documents and assisting in the closing of the transaction.

EnerSys, a global leader in stored energy solutions for industrial applications and a company listed on the New York Stock Exchange (NYSE:ENS), has acquired complete stake in its joint venture company in India, Energy Leader Batteries India Private Limited from the Indian promoters and shareholders for an undisclosed price with effect from November 19, 2013. In March 2012 EnerSys acquired 50.5% stake of in Energy Leader Batteries India Private Limited to form the joint venture partnership with its Indian promoters and increased its shareholding to 62.56% in March, 2013.

Since the initial acquisition in March 2012 till the complete acquisition of Energy Leader Batteries India Private Limited (joint venture entity), EnerSys Group was advised by a team from Kochhar & Co., Mumbai. The Kochhar team was headed by Rupali Sharma, Senior Partner assisted by Alpana Srivastava and Shaishav Udani, Senior Associates and other associates.