“Symphony Ltd, one of the country’s leading air-cooler manufacturers, on Friday announced that it aims to acquire Australia’s Climate Technologies Pty Limited. The Ahmedabad-based company has signed an agreement to buy 95% equity stake in Climate Technologies, Australia’s leading manufacturer of cooling and heating appliances, it said,” reported Mint.
J Sagar Associates (JSA) acted for
Australian firm Minter Ellison acted as foreign counsel to
Clarendon Lawyers acted as foreign counsel to
“The acquisition will be executed at a valuation range of AUD (Australian dollar) 40-44 million (₹201-221 crore) depending on the achievement of FY18 Ebitda (June end),” the companies said, according to Mint.
2018-06-23