Deal Corner
January 11, 2023
Exor makes investment into ‘myTVS’

Deal Brief

Exor Co-invest Fund I ILP (“Exor Capital”) participated in the Series C investment round in ki Mobility Solutions Private Limited (“Ki Mobility”). Ki Mobility’s automotive digital platform, myTVS, is a leading automotive aftermarket business company. Ki Mobility raised a total of INR 690 crores in Series C investment round in which, apart from Exor Capital, Castrol India also invested.

Exor Capital has diverse investment portfolio which includes Ferrari, Juventus Football Club and Christian Louboutin amongst others. The Series C investment by Exor Capital in Ki Mobility is its second investment in Ki Mobility after making an investment of INR 375 crores in 2021.

Our Role

We, at Nishith Desai Associates, acted as the India counsel to Exor Capital and advised on the legal, tax and regulatory aspects of the transaction.

Press Coverage

https://auto.economictimes.indiatimes.com/news/aftermarket/mytvs-raises-inr-487-cr-from-castrol-and-inr-203-cr-from-lingotto-to-expand-network/96254003

https://www.financialexpress.com/express-mobility/mytvs-raises-rs-690-crore-in-series-c-round-from-castrol-india-and-exor/2914909/

https://inc42.com/buzz/automotive-aftermarket-firm-mytvs-raises-inr-690-cr-in-series-c-round/

https://www.business-standard.com/article/companies/castrol-to-pick-up-7-09-stake-in-tvs-family-s-ki-mobility-for-rs-488-cr-122112500865_1.html

 

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

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Deal Corner

January 11, 2023

Exor makes investment into ‘myTVS’

Deal Brief

Exor Co-invest Fund I ILP (“Exor Capital”) participated in the Series C investment round in ki Mobility Solutions Private Limited (“Ki Mobility”). Ki Mobility’s automotive digital platform, myTVS, is a leading automotive aftermarket business company. Ki Mobility raised a total of INR 690 crores in Series C investment round in which, apart from Exor Capital, Castrol India also invested.

Exor Capital has diverse investment portfolio which includes Ferrari, Juventus Football Club and Christian Louboutin amongst others. The Series C investment by Exor Capital in Ki Mobility is its second investment in Ki Mobility after making an investment of INR 375 crores in 2021.

Our Role

We, at Nishith Desai Associates, acted as the India counsel to Exor Capital and advised on the legal, tax and regulatory aspects of the transaction.

Press Coverage

https://auto.economictimes.indiatimes.com/news/aftermarket/mytvs-raises-inr-487-cr-from-castrol-and-inr-203-cr-from-lingotto-to-expand-network/96254003

https://www.financialexpress.com/express-mobility/mytvs-raises-rs-690-crore-in-series-c-round-from-castrol-india-and-exor/2914909/

https://inc42.com/buzz/automotive-aftermarket-firm-mytvs-raises-inr-690-cr-in-series-c-round/

https://www.business-standard.com/article/companies/castrol-to-pick-up-7-09-stake-in-tvs-family-s-ki-mobility-for-rs-488-cr-122112500865_1.html

 

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.