J. Sagar Associates advised and assisted Nissan Motor Co., Ltd., Japan in its restructuring arrangement with Ashok Leyland Ltd. Nissan has agreed to sell to Ashok Leyland all of Nissan’s shares in three joint venture companies that were formed in 2008. These joint ventures focus on technology development, and manufacturing of powertrains and vehicles. Under the agreement signed by Nissan and Ashok Leyland, these joint ventures will become wholly-owned Ashok Leyland subsidiaries, upon receipt of all necessary approvals, including from the Competition Commission of India. The process is expected to be concluded later this year. The new phase of business interaction will begin immediately.

The JSA team for the transaction comprised of Partners – Nitin Potdar & Rinku Ambekar; and Associate – Ekta Chandan. The competition law aspects are advised by Partners – Amitabh Kumar, Farhad Sorabjee, Reeti Choudhary.