{"id":330785,"date":"2024-09-14T14:30:19","date_gmt":"2024-09-14T09:00:19","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=330785"},"modified":"2024-09-14T15:44:19","modified_gmt":"2024-09-14T10:14:19","slug":"cyril-amarchand-mangaldas-advises-johnson-controls-on-indian-law-aspects-regarding-sale-of-hvac-business-to-bosch-group","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/09\/14\/cyril-amarchand-mangaldas-advises-johnson-controls-on-indian-law-aspects-regarding-sale-of-hvac-business-to-bosch-group\/","title":{"rendered":"Cyril Amarchand Mangaldas advises Johnson Controls on Indian law aspects regarding Sale of HVAC Business to Bosch Group"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">Cyril Amarchand Mangaldas (CAM) advises Johnson Controls International plc on Indian law aspects regarding sale of its residential and light commercial heating, ventilation and air conditioning (HVAC) business to the Bosch Group. The transaction involved the sale of 100% of the total share capital of Johnson Controls Hitachi Air Conditioning Holding (UK) Limited (JCH), a 60-40 joint venture with Hitachi Global Life Solutions, Inc., to Robert Bosch GmbH and the indirect acquisition of Johnson Controls-Hitachi Air Conditioning India Limited, a listed company in India.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">The General Corporate<\/span> team of Cyril Amarchand Mangaldas advised on the matter. The transaction was led by <span style=\"font-weight: bold;\">Anshu Choudhary<\/span>, <span style=\"font-style: italic;\">Partner<\/span>; with support from <span style=\"font-weight: bold;\">Aman Deep Borthakur<\/span>, <span style=\"font-style: italic;\">Senior Associate<\/span>; <span style=\"font-weight: bold;\">Samraddhi Shetty<\/span>, <span style=\"font-style: italic;\">Associate<\/span>; <span style=\"font-weight: bold;\">Navjot Chhabra<\/span>, <span style=\"font-style: italic;\">Associate<\/span>; and <span style=\"font-weight: bold;\">Aditi Goyal<\/span>, <span style=\"font-style: italic;\">Associate.<\/span><\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Anchal Dhir<\/span>, <span style=\"font-style: italic;\">Partner<\/span>, provided strategic inputs on the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\">The team led by <span style=\"font-weight: bold;\">Ashish Jain<\/span>, <span style=\"font-style: italic;\">Partner<\/span>; <span style=\"font-weight: bold;\">Abhilash Pillai<\/span>, <span style=\"font-style: italic;\">Partner<\/span>; <span style=\"font-weight: bold;\">Mudit Shah<\/span>, <span style=\"font-style: italic;\">Partner<\/span>; with support from <span style=\"font-weight: bold;\">Karan Sharma<\/span>, <span style=\"font-style: italic;\">Principal Associate<\/span>; <span style=\"font-weight: bold;\">Jaideep Kodali<\/span>, <span style=\"font-style: italic;\">Principal Associate<\/span>; <span style=\"font-weight: bold;\">Praharsh Vyas<\/span>, <span style=\"font-style: italic;\">Principal Associate<\/span>; <span style=\"font-weight: bold;\">Shorya Choudhary<\/span>, <span style=\"font-style: italic;\">Senior Associate<\/span>; <span style=\"font-weight: bold;\">Riya Chipre<\/span>, <span style=\"font-style: italic;\">Senior Associate Designate<\/span>; <span style=\"font-weight: bold;\">Yash Jain<\/span>, <span style=\"font-style: italic;\">Associate<\/span>;<span style=\"font-weight: bold;\"> Himanshi Mahajan<\/span>, <span style=\"font-style: italic;\">Associate<\/span>;<span style=\"font-weight: bold;\"> Shivani Subbaiah<\/span>, <span style=\"font-style: italic;\">Associate<\/span>; and <span style=\"font-weight: bold;\">Rushi Panchal<\/span>, <span style=\"font-style: italic;\">Associate<\/span>; conducted diligence regarding certain owned and leased properties in India.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">The transaction was signed<\/span> on 23<span style=\"vertical-align: super;\">rd<\/span> July, 2024.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><i>Cyril Amarchand Mangaldas (CAM) advises Johnson Controls International plc on Indian law aspects regarding sale of its residential<\/i><\/p>\n","protected":false},"author":8808,"featured_media":330804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[73112,68835,30960,73113,43153,73110,73114,73111],"class_list":["post-330785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-bosch-group","tag-cam","tag-cyril-amarchand-mangaldas","tag-hitachi-global-life-solutions","tag-indian-law","tag-johnson-controls","tag-robert-bosch-gmbh","tag-sale-of-hvac-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyril Amarchand Mangaldas advises Johnson Controls on Indian law aspects regarding Sale of HVAC Business to Bosch Group | SCC Times<\/title>\n<meta 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