Nissin Corporation (TSE:9066) agreed to acquire 19% stake in Nissin ABC Logistic Pvt. Ltd. from ABC India Limited (BSE:520123) for approximately INR 160 million on September 15, 2012. The deal was approved by the Board of Directors of ABC India on September 15, 2012 and is subject to execution of necessary documents. Kalpataru Tripathy, Abhishek Guha, Saurya Bhattacharya and Roopal Banthia of Amarchand & Mangaldas & Suresh A. Shroff Co. acted as legal advisors to ABC India Limited. Shourya Mandal of Fox Mandal acted as legal advisor to Nissin Corporation. Deloitte Touche Tohmatsu India Private Limited acted as financial advisor in the transaction.


Nissin Corporation (TSE:9066) completed the acquisition of 19% stake in Nissin ABC Logistic Pvt. Ltd. from ABC India Limited (BSE:520123) on October 23, 2012.