Nippon Leakless Corporation and Leakless Gasket India Private Limited acquires Nippon Leakless Talbros Private Limited

JSA advised Nippon Leakless Corporation (“NLK“) along with its Indian subsidiary Leakless Gasket India Private Limited on the successful purchase of 40% shareholding held by its joint-venture partner, Talbros Automotive Components Limited in Nippon Leakless Talbros Private Limited. Upon the purchase of 40% shareholding, the joint venture and certain ancillary arrangements were terminated and NLK and Leakless Gasket India Private Limited now hold 100% shareholding in Nippon Leakless Talbros Private Limited.

Nippon Leakless Talbros Private Limited is, inter-alia, engaged in the business of designing and manufacturing of gaskets catering to two-wheeler manufacturers.

Our Transaction Team Comprised Lead Partner – Trisheet Chatterjee, Partner – Sarvesh Kumar Saluja, Senior Associate – Kaishori Raut and Associate – Sourish Bagchi.

Our Litigation Team Comprised Partners – Dhirendra Negi, Sidharth Sethi and Pragya Chauhan, Senior Associate – Avinash Das and Associate – Kunal Saini.

Our Tax Team Comprised Partner – Kumarmanglam Vijay and Senior Associate – Divyam Mittal.