16 Apr 2026
Deal: Trilegal advised Carlyle on the acquisition of a controlling stake in Highway Industries and Roop Automotives
14 Feb 2025
14 Feb 2025
Trilegal advised the Carlyle Group on its acquisition of a majority stake in Highway Industries Limited and Roop Automotives Limited and the consolidation of the entities into a platform for global automotive components manufacturing.
The transaction involves the establishment of a platform entity for Carlyle by bringing together two distinct promoter groups and companies. Trilegal played a key role in advising Carlyle throughout the process, assisting in structuring the transaction, conducting legal due diligence, drafting and negotiating the transaction documents and other transaction assistance and advisory. The firm worked closely with all parties involved to ensure alignment between the two promoter groups, Carlyle, and the commercial intent, and balancing the rights and obligations of the promoter groups in relation to Carlyle and each other.
The competition team also assisted and represented all the three parties to the transaction end to end, in securing an unconditional approval from the CCI for the entire transaction.
The Trilegal team advising on the mandate included:
The transaction was led by Partner Sneha Vardhan; Counsels: Shubhaang Sinha and Vyshnav Karthik; Senior Associates: Archit Gupta and Vishesh Mehrotra; and Associates: Drishti Rajain, Sakshi Rajawat, Jatin Soni, Tanay Saluja and Shreya Khandelwal.
The Labour & Employment Team advising on the matter included: Partners Atul Gupta and Kanishka Maggon; Senior Associate: Joseph Thodukayil; and Associates: Tania Gupta.
The Real Estate Team advising on the matterincluded Partner Rahul Arora; Counsel: Abhinav Mishra and Associates: Gaurav Utagikar, Nandhinee E, and Saraswati Rawandale.
The IP Team advisingon the matter included: Partner Kirti Balasubramanian; and Associate: Paarth Samdani.
The Technology, Media and Telecom Team advising on the matter included: Partner Jyotsana Jayaram; Senior Associate: Sidharth Ray; and Associate: Karthik Rai.
The Environmental Compliances Team advising on the matter included: Partner Rajat Jariwal; Counsel: Abhishek Iyer; and Associates: Prerna Singh and Shatakshi Tripathi.
The Litigation Team advising on the matter included: Partner Anusha Ramesh; Senior Associate: Megha Janakiraman; and Associates: Gauri Pasricha and Aparajito Sen.
The Competition Team advising on the matter included: Partner Gauri Chhabra; Counsel: Gargi Yadav; Senior Associates: Aakriti Thakur, Eesha Sheth, and Ujwala Adikey; and Associate: Anjana Ravikumar.
Media links:
Carlyle’s automotive vision: Integration of Highway Industries and Roop Automotives
About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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