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K Co, K Law act for Hyd Industries on $11.4m sale of insulation biz to France’s Imerys Group

France-based Imerys Group, a company into mineral-based specialities, has signed an agreement to acquire Hyderabad Industries Ltd’s (HIL’s) thermal insulation business for ₹80 crore in an all-cash deal. HIL is a part of the $1.6-billion CK Birla Group.

Hindu Business Line

Khaitan & Co advised Hyderabad Industries Limited led by a team of partner Niren Patel, senior associate Yashashree Mahajan and associate Pujitha Gullapalli, with support on real estate aspects by: principal associate Abhiraj Gandhi; direct tax aspects by: director Vinita Krishnan, senior associate Rahul Jain, senior associate Sneh Shah and associate Dhruv Kapadia; and indirect tax aspects by: principal associate Ankit A Shah, senior associate Pranay Sahay and senior associate Anjali Krishnan.

Update 3 February 2020: K Law advised Imerys Group led by a team including partner Alok Sonker, associate partner Mitesh Shah, associate Henal Shah, with real estate inputs from associate partner Gunjan Nandu and IPR Inputs from associate partner Kinat Sisodia.


Deal value: USD 11.4 million

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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