DSK Legal advises F. S. Fehrer Automotive in exit from Harita Fehrer via sale of 49% shareholding to Minda Industries

LE Desk

New Delhi, March 24. 2022: DSK Legal has advised F. S. Fehrer Automotive GmbH, Germany in relation to its exit from Harita Fehrer Limited by way of sale of 49 percent shareholding to Minda Industries Limited. 

In a press statement, DSK Legal said it assisted the Seller in inter alia: reviewing the joint venture agreement executed between HSSL and the Seller and drafting of notices and responses under the JVA; drafting, reviewing, negotiating, amending and finalizing the share purchase agreement; drafting, reviewing, negotiating, amending and finalizing various other ancillary documents/agreements related to the Transaction; assisting in the execution of the definitive documents for the Transaction; and assisting in closing of the Transaction.

The DSK team representing the Seller comprised of Partner Hemang Parekh; Associate Partner, Jayesh Kothari and Associate, Hemanshi Gala, the Law Firm said. 

KPMG acted as financial advisors to the Seller. 

The Company and Minda were represented by their in-house legal team.

Harita Fehrer (Company) was a joint venture between Harita Seating Systems Limited (HSSL) (amalgamated with Minda Industries Limited) and the Seller. Pursuant to the Transaction, the Company will become a wholly-owned subsidiary of Minda. The Company is a leading manufacturer of seating systems in India and specializes in manufacture & supply of driver seats and bus passenger seats for commercial vehicle