Desai & Diwanji

Desai & Diwanji, together with X-B4 Advisory LLP as exclusive financial advisors, advised Belrise Industries (formerly Badve Engineering) on its 100% acquisition of H-One India Private Limited from Japan listed entity, H-One Company Limited. This strategic move enhances Belrise’s footprint in chassis systems and body-in-white parts for both two- and four-wheelers. Through this deal, Belrise will leverage H-One India’s North India manufacturing units and advanced tool development capabilities to scale operations, expand its customer base, and diversify its product offerings.   The transaction was led by Akshay Bhagchandani and Nitya Chadha, with strategic inputs from Joebin Devassy.    The transaction and corporate diligence team also consisted of Soumya Tantia, Abhishikha Moyal, Adrito Dutta and Shraddha Chaudhri. The real estate diligence team consisted of Rajeev Kumar Yadav and Aman Rai.  The team at X-B4 LLP advisory consisted of Rahul Kumar Gupta, Vikrant Singhi, Nikita Goyal and Rudraksh Haran

Desai & Diwanji is pleased to have advised RG Mobility Private Limited on its agreement entered into with the Uttar Pradesh State Road Transport Corporation (UPSRTC) as part of its electric mobility initiative in the State of Uttar Pradesh. This transaction entails the operation of air-conditioned electric buses across five identified routes, marking a significant step forward in sustainable public transportation.   The team was led by Senior Partner Tushar Dey, along with Associate Partner Akshay Bhagchandani and Associate Abhishikha Moyal.

Delighted to have advised Hindustan Unilever Limited on this transaction. Pleasure working with the HUL team. Thanks to my team for their super effort and many congratulations to everyone involved! #plasticreclying #sustainability

Desai & Diwanji is pleased to have advised Hindustan Unilever Limited, in its proposed investment in Lucro Plastecycle Private Limited engaged inter alia in the business of sourcing and recycling of waste plastic and providing waste management services. The deal team was led by our Partner Aneesh Gupte and comprised senior associate Devashree Maniar and associates Shradha Agrawal, Shlok Patwa, Henna Vora and Archita Tiwari https://lnkd.in/gcuGQEUS #desaianddiwanji #deals #plasticrecylcing #wastemanagement #investments

The Competition Commission of India’s (CCI) recent raids have brought renewed attention to the issue of cartelization in the media and advertising industry. The leniency program is proving to be a game-changer, shedding light on anti-competitive practices and reinforcing the need for regulatory vigilance.  In a conversation with Storyboard18, Natasha Treasurywala, Partner at Desai & Diwanji, shared insights on the evolving competition law landscape and the critical role of compliance in navigating regulatory scrutiny.  As India’s antitrust framework strengthens, proactive compliance and strategic legal counsel remain essential for businesses operating in regulated sectors.  Read the full article here: https://lnkd.in/gA2CJCbn) 

Wishing you a Holi filled with joy, colors, and new beginnings.  Team Desai and Diwanji

India’s insolvency ecosystem is maturing, with more companies being resolved and fewer going into liquidation under the IBC, signaling stronger creditor confidence and better recovery strategies. In a recent discussion with ETLegalWorld, Partner Durgesh Khanapurkar, Desai & Diwanji, highlighted the growing need for further reforms in the liquidation process to enhance claimant recoveries and improve overall outcomes. As IBC evolves, refining the liquidation framework will be key to maximizing efficiency and creditor returns. Read the full article at: https://lnkd.in/g_MuyzxN

Prasad Gangadharan joins as a Partner in Desai & Diwanji’s Pune office! We look forward to this new chapter of growth and collaboration. Wishing him great success in this role!

As financial crimes grow in complexity, India's legal framework for tackling money laundering has evolved significantly. Strengthening enforcement mechanisms and aligning with global anti-money laundering (AML) standards remain critical in this fight. In a detailed analysis by Senior Partner Sumant Nayak and Nishikant Nayak, Advocate and aspiring Solicitor-ship in UK, the evolution of India’s money laundering laws is explored - covering the Prevention of Money Laundering Act (PMLA), key amendments, landmark cases, and international commitments. The article delves into the legal and regulatory changes, the impact of FATF compliance, and how India continues to strengthen its financial safeguards against illicit money flows.

Jaya Devashish joins Desai & Diwanji’s Pune office as a Partner! With her expertise and fresh perspectives, she’s set to strengthen our team and elevate our capabilities. Wishing her great success in this new role!