Amish Shroff Leads Rajani Associates in Key Mahansaria Tyres Deal

MUMBAI (Azat TV) – Partner Amish Shroff of Rajani Associates recently led the legal team advising Mahansaria Tyres Private Limited on a significant transaction, which involved the acquisition of a 26% stake in a joint venture company from Clean Max. The deal, which also included a power purchase under a group captive model, was finalized around February 7, 2026, marking a notable move in the industrial sector, as reported by Bar & Bench.

Rajani Associates Guides Mahansaria Tyres Through Stake Acquisition

The transaction saw Mahansaria Tyres Private Limited secure a 26% ownership stake in a joint venture entity, a strategic maneuver that typically grants a company substantial influence over the venture’s operations and decision-making processes without necessarily requiring full majority control. Such acquisitions are common in industries aiming to foster deeper collaboration, expand market reach, or integrate supply chains more efficiently. The specific details of the joint venture’s operations or the industry it serves were not immediately disclosed, but the move signals Mahansaria Tyres’ intent to strengthen its portfolio and operational synergies.

Rajani Associates, a prominent legal firm, played a pivotal role in guiding Mahansaria Tyres through the complexities of this corporate transaction. The legal advisory encompassed both the stake acquisition and the associated power purchase agreement, ensuring compliance with relevant regulations and optimizing the deal structure for Mahansaria Tyres. The transaction team from Rajani Associates was spearheaded by Partner Amish Shroff, with significant contributions from Principal Associate Karen Issac and Senior Associate Ruchi Sethna, highlighting a collaborative effort in facilitating the deal.

Strategic Power Purchase Under Group Captive Model

A crucial component of the recent agreement was the power purchase under a group captive model from the joint venture company. This innovative approach to energy procurement is increasingly adopted by industrial consumers seeking to secure stable, cost-effective, and often more sustainable power sources. In a group captive model, multiple industrial entities collectively own and operate a power generation facility for their own consumption. This arrangement typically allows participants to bypass certain charges and benefit from regulatory incentives, leading to reduced energy costs compared to purchasing power directly from the grid.

For Mahansaria Tyres, integrating a power purchase from its joint venture under this model underscores a strategic focus on operational efficiency and resource management. By securing a dedicated and potentially more economical power supply, the company can mitigate energy cost volatilities and enhance its long-term operational sustainability. This aspect of the deal reflects a broader industry trend towards self-sufficiency and optimized utility management within manufacturing and industrial operations.

Implications for Mahansaria Tyres and the Industrial Sector

The dual nature of this transaction—a significant stake acquisition coupled with a strategic power purchase—positions Mahansaria Tyres for potentially enhanced operational control and cost efficiencies. The involvement of legal expertise from Rajani Associates, particularly under the leadership of Amish Shroff, underscores the intricate legal and financial considerations inherent in such high-stakes corporate maneuvers. These types of deals are critical for companies looking to expand their footprint, diversify their operations, or secure essential resources in competitive markets.

The successful closure of this transaction, as reported by Bar & Bench, highlights the ongoing dynamism within the Indian corporate landscape, where companies are continuously seeking strategic partnerships and innovative operational models to drive growth and achieve competitive advantages. The meticulous legal structuring and advisory work are essential in navigating the complexities of joint ventures and specialized power purchase agreements, ensuring that all parties’ interests are protected and regulatory frameworks are adhered to.

The strategic advisory provided by Rajani Associates, led by Amish Shroff, for Mahansaria Tyres’ stake acquisition and group captive power purchase illustrates the sophisticated legal support essential for complex corporate transactions aimed at enhancing operational control and long-term sustainability in today’s industrial environment.