Deal Brief: DICHTUNGSTECHNIK Wallstabe & Schneider GMBH & CO. KG (“DT”) and Deshmukh Rubber Works Private Limited (“DRWPL”), the flagship company of the Divekar group, entered into a joint venture to engage in the business of manufacture and sale of automotive components. DT of is one of the leading players in the precision seals industry in Germany having a turnover in excess of 70 million € (2007). Divekar Group is one of the leading players in the manufacture and sale of automotive components in India.
Our
Role:
We, at
Nishith Desai Associates,
acted as Transaction counsel for the deal and assisted both DT and DRWPL
in this joint venture. |
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