Vehicle Access Systems Technology LLC (VAST), an international leader in automotive access products, acquired a 50% stake in Minda VAST Access Systems Private Limited (Minda Access) from Minda Capital Limited (Minda), marking a strategic expansion in India’s automotive component sector. Majmudar & Partners played a crucial role in advising VAST on regulatory compliance requirements, corporate structuring, and legal due diligence to facilitate this cross-border acquisition.
Facilitating the Transaction
Majmudar & Partners’ contributions to this transaction ensured a smooth acquisition process. Our role included:
- Due Diligence and Compliance: Conducted extensive due diligence on Minda Access, focusing on regulatory compliance and corporate governance to assess and resolve potential risks.
- Structuring the Transaction: Advised on structuring the acquisition to align with Indian legal standards and VAST’s global strategic objectives, ensuring compliance with foreign direct investment regulations and corporate laws.
- Regulatory Approvals: Facilitated the necessary regulatory approvals and filings, ensuring a smooth transition of ownership within the legal framework for cross-border transactions.
- Drafting and Negotiating Agreements: Drafted and negotiated transaction documents, including the share purchase agreement to safeguard VAST’s interests in the joint venture.
The acquisition of a 50% stake in Minda Access primes VAST’s ability to establish a robust presence in the Indian automotive access systems market. Majmudar & Partners provided essential legal guidance, ensuring a successful acquisition that complied with Indian regulatory and corporate requirements.
With extensive experience in facilitating cross-border joint ventures and acquisitions, Majmudar & Partners is well-equipped to guide companies looking to expand in India. Contact us to learn how we can ensure regulatory compliance and facilitate seamless transactions for your international ventures.