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DSK, DMD act on $8.7m buy of English-Indian Clays units buy Bluecraft Agro

Bluecraft Agro Private Limited bought of the manufacturing and selling of starch and derivatives’ business of EICL Limited along with (a) one of the units of EICL (Unit 1), on a slump-sale basis; and (b) certain identified assets of the other unit of EICL by way of an asset transfer arrangement in February, according to reports.

DSK Legal advised Bluecraft Agro Private Limited led by a team of partner Ajay Shaw, principal associate Gaurav Mistry and senior associate Viraj Gami. Title diligence was conducted by partner Niraj Kumar and associate partner Salinee Ranjan.

EICL (formerly known as English Indian Clays Ltd) was advised by DMD Advocates.

2018-02-01

Deal value: INR 61,00,00,000

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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