majority stake in novelic

Shardul Amarchand Mangaldas advised SONA BLW Precision Forgings Limited (“SONA”) on the acquisition of 54% stake through a combination of primary and secondary transactions in NOVELIC d.o.o. Beograd-Zvezdara (“Novelic”). The deal was valued at INR 356 Crores and the date of closing the deal was 05 September 2023.

SONA is a listed entity in India, which is a global automotive systems & components manufacturer.

The General Corporate team was led by Radhika M Dudhat, Partner; Abhishek Parekh, Partner; Priyanka Sheth, Counsel; Dhwani Baxi, Associate; and Yashvardhan Mittal, Associate.

The Competition team was led by Gauri Chhabra, Partner; Soumya Raizada, Associate; Ujwala Adikey, Associate; and Eesha Sheth, Associate.

The Disputes team was led by Ameya Gokhale, Partner.

Yogesh Chande, Partner and Preeti Kapany, Senior Associate advised on the Securities Law perspective.

Wolf Theiss (Serbia) also represented SONA on the transaction.

Schoenherr advised Novelic and Nirsen d.o.o. Beograd-Zvezdara (“Nirsen”) on the legal aspect.

About Shardul Amarchand Mangaldas & Co.:

Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.

The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 815 lawyers including 163 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.

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