Shardul Amarchand Mangaldas & Co has advised Sona BLW Precision Forgings (Sona Comstar) on its $190 million agreement to acquire the Railway Equipment Division (RED) of Escorts Kubota (EKL), which was represented by DMD Advocates.
RED is a leading supplier of critical components for railways, such as brakes, couplers, suspension systems, and friction and rubber products.
This divestment aligns with EKL’s strategic focus on the agricultural and construction equipment sectors.
“The railway industry presents long-term growth opportunities, and with the 'Railway Equipment Division' business, we see significant potential to broaden our product range by incorporating advanced technology and engineered products,” said Vivek Vikram Singh, MD & Group CEO of Sona BLW Precision Forgings, in a statement.
The SAM team on the deal comprised partners Rudra Kumar Pandey, Amanjot Malhi, Rohan Jain, principal associate Kshitij Arora, senior associate Ashim Gupta, and associates Deepti Pandey, Sneha Kalia, Shrutika Lakhotia, Himanshu Raghuwanshi, and Arshit Kapoor.
The DMD team advising EKL on the deal was led by senior partner and head of corporate practice Rashi Dhir and included partners Saiyam Chaturvedi and Tarinee Sudan, principal associate Shubhangi Bhatnagar, senior associates Priyanka Hazarika and Aishwarya Gupta, and associates Aditi Kumar and Shriya Sehgal.
