Auro Auto Ltd (AAL) is a leading global automobile manufacturer listed on a Bombay Stock Exchange (BSE). AAL has wide range of products including fancy cars and sports cars and has a market share of 12% in India. The Com

CS Professional · Multidisciplinary Case Studies · PYQS · December 2023
Auro Auto Ltd (AAL) is a leading global automobile manufacturer listed on a Bombay Stock Exchange (BSE). AAL has wide range of products including fancy cars and sports cars and has a market share of 12% in India. The Company heavily invests in research and technology and aims to bring higher sophistication in its products, while providing best in class experience to its customers. AAL is planning for expansion in India and overseas. It is also evaluating to invest in start-ups with great ideas and has also founded incubation centres which give impetus to budding entrepreneurs. During evaluation process, the Mergers and Acquisitions team has identified few entities namely, Drive Mauritius LLP, registered under the LLP Act of Mauritius, and Pluto LLP, an Indian LLP which have developed technology, that can help AAL. After the initial evaluation, the M & A team, reached out to you, the Company Secretary of AAL, with the following questions : (ii) Can Drive Mauritius LLP amalgamate with AAL ? Advise the M & A team, with reference to applicable legal and regulatory provisions.

Topics: Mergers and Acquisitions

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