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DSK Legal Advises Excel Controlinkage

The team representing DSK Legal comprised of Mr. Kunal Mehra (Partner), Mr. Danish Khan (Principal Associate) and Mr. Aakrit Aditya Sharma (Associate). GCL was represented by JSA. Singhi Advisors acted as the investment bankers to Excel and its Promoters.

DSK Legal advised Excel Controlinkage Private Limited (Excel) and its Promoters in relation to sale of their 100 per cent shareholding in Excel to Greaves Cotton Limited (GCL) in four tranches. The first tranche will comprise of sale of 60 per cent shareholding in Excel. The deal value is approximately INR 385,00,00,000/- (Indian Rupees Three Hundred and Eighty Five Crores Only).

Excel’s wide range of portfolio includes heavy‐duty push‐pull cables, mechanical levers & linkages, and electronic throttle levers catering to customer segments like Commercial vehicles, construction equipment, agriculture, material handling, marine and SPVs, supplying directly to vast majority of the original equipment manufacturers as well as for aftermarket.

The scope of work of DSK Legal included: (i) reviewing, revising, negotiating and finalizing the transaction documents including the binding term sheet, the share purchase agreement and the shareholder’s agreement; and (ii) assisting in the execution of the transaction documents. Going forward, DSK Legal will be involved in closing of various tranches of the transaction including assisting in fulfillment of conditions precedent and other completion deliverables.     

The team representing DSK Legal comprised of Mr. Kunal Mehra (Partner), Mr. Danish Khan (Principal Associate) and Mr. Aakrit Aditya Sharma (Associate).

GCL was represented by JSA. Singhi Advisors acted as the investment bankers to Excel and its Promoters. 


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