Shardul Amarchand Mangaldas (SAM) and Mori Hamada and Matsumoto have advised Japan agricultural machinery maker Kubota on its proposed $1.26 billion acquisition of a bigger stake in Indian tractor manufacturer Escorts, which was counselled by DMD Advocates.

With this deal, the Osaka-headquartered Kubota increases its stake from 9.09 per cent to 53.5 per cent. Escorts is India’s fourth-largest tractor maker, with a 12 percent market share.

The SAM team was led by executive chairman Shardul Shroff and partner Rudra Kumar Pandey, with assistance from partners Amanjot Malhi, Aparna Mehra, Rohan Arora, Kshitij Sharma, Amit Singhania, Mrinal Kumar, Shrutikirti Kumar, Pooja Ramchandani, Binsy Susan and Nawneet Vibhaw.

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