AZB & Partners acted for Shanghai-based HuaQin Technologies, world’s largest original design manufacturer of mobiles, tablets and laptops, on their recent investment in Bhagwati Products Limited to acquire a 49% stake in the joint venture which will manufacture consumer electronics in India.
The investment marks a significant step for HuaQin Technologies as it expands its footprint in India’s growing consumer electronics manufacturing sector.
The deal team comprised Senior Partners Anil Kasturi and Nandita Govind, Senior Associates Purvi Lhila and Rohit Dutta, Associates Nishita Agrawal and Gunjan Hariramani. They were supported on the due diligence aspects by Associates Nishita Agrawal, Sarthak Sharma and Aryaman Jagdhari.
For several years, Shanghai-based Huaqin Technology, the world’s leading design manufacturer of mobiles, tablets, and laptops, has been seeking to enter India’s rapidly expanding mobile market through a joint venture, positioning itself as an ODM and electronics manufacturing services (EMS) provider.
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