Nissin Corporation (TSE:9066) agreed to acquire an additional 25% stake in Nissin ABC Logistic Pvt. Ltd. from ABC India Limited for approximately ¥360 million on November 19, 2012. The transaction will increase Nissin Corp. stake to 95% and is expected to close by end of November 2012. 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. Conversion is done from www.oanda.com as on November 19, 2012.

Nissin Corporation (TSE:9066) completed the acquisition of an additional 25% stake in Nissin ABC Logistic Pvt. Ltd. from ABC India Limited on November 26, 2012.