Belrise Industries Limited is poised to expand its operations through the acquisition of Hyva (India) Private Limited’s India Tipper Body Business. Hyva India operates as a subsidiary of JOST Werke SE, a prominent player in the commercial vehicle sector.
Legal Representation for Belrise Industries
JSA Advocates & Solicitors provided legal counsel to Belrise Industries for this strategic acquisition. The legal team was spearheaded by Partner Kushal Ramotre, with significant contributions from Partner Siddharth Mody. Additional support was provided by Senior Associate Ayushi Berry, Associate Priankita Das, and Junior Associate Ishika Mehta.
The acquisition aligns with Belrise’s strategic objectives to enhance its presence in the commercial vehicle market while targeting growth in sectors such as construction, mining, defense, and infrastructure.
Khaitan & Co’s Role for Hyva India
Khaitan & Co served as legal advisors for Hyva India concerning Indian law matters. The team was led by Senior Partner Padam Kumar Khaitan and Partner Shourya Sengupta, with support from Counsel Sneh Lata, Principal Associate Vibhav Seth, and Associate Ishika Sinha. Their expertise was further complemented by specialists in various fields:
- Direct Tax: Sneh Shah (Partner), Jinisha Jain (Senior Associate), Krishnal Shailesh Agrawal (Associate)
- Real Estate: Subhro Chatterjee (Partner), Shreetama Chakraborty (Principal Associate)
- Corporate Law: Supallab Chakraborty (Principal Associate), Lavanya Agarwal (Associate)
- Employment Law: Abhinav Rastogi (Partner), Ajeta Anand (Senior Associate), Aditya Shekhar (Associate)
- Intellectual Property: Nirupam Lodha (Partner), Shivangi Narang (Principal Associate), Rebecca Cardoso (Associate)
- Restructuring: Rusha Mitra (Partner)
White & Case as Lead Counsel
White & Case acted as the primary legal counsel to Hyva and its parent company, JOST Werke SE. The transaction is subject to customary regulatory approvals and closing conditions necessary for finalization.
This acquisition marks a significant step for Belrise, aligning with its long-term strategy to bolster its capabilities and enhance its market competitiveness across various rapidly growing industries.
