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Khaitan acts 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.

2020-01-16

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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