Shardul Amarchand Mangaldas Advises Kwangsung Corporation Ltd. on Acquisition of Full Ownership in Belite India Entities

Shardul Amarchand Mangaldas & Co. acted as legal counsel to Kwangsung Corporation Ltd. (KCL) in connection with its acquisition of the remaining stake held by Sandhar Technologies Limited in Belite India Component Private Limited (formerly Kwangsung Sandhar Technologies Private Limited) and its subsidiary, Belite India Automotive Systems Private Limited (formerly Kwangsung Sandhar Automotive Systems Private Limited).

The transaction marks the exit of Sandhar Technologies Limited from the joint venture entities and results in KCL acquiring 100% ownership of Belite India Component Private Limited. Consequently, Belite India Automotive Systems Private Limited has also become wholly owned within the KCL group structure.

The transaction was executed through the acquisition of Sandhar Technologies Limited’s entire shareholding in both entities and transition arrangements. It involved extensive closing and post-closing actions, including , regulatory filings and operational restructuring.

The transaction also involved cross-border coordination between India and South Korea, ensuring seamless execution within tight timelines.

The SAM transaction team was led by Sarika Raichur, Partner, with support from Akshaya Srinivasan, Principal Associate, and Sai Dharshini, Senior Associate.

About SAM:

Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration.

SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance.

The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 850 lawyers including 181 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.