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PDS, PRA on $7m Minda-Panalfa acquisition

PDS Legal advised Minda Corporation on its more than Rs 45 crore ($6.8m) buy of Panalfa Autoelektrik which was advised by PRA Law Offices.

PDS principal associate Anirudh Mukherjee, senior associates Karuna Thapa and Deepti Thakkar and associates Samyukta Damojipurapu and Ankita Jain acted for Minda.

PRA partner P Srinivasan and lawyer Kruthika Shankar acted for Panalfa.

Minda will buy Panalfa’s entire equity for Rs 27.82 crore, takeover Panalfa’s debt of Rs 6.72 crore infuse Rs 11 crore in it, according to The Hindu Businessline.

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