Canada-based Ag Growth International Inc has acquired 100% of the shares outstanding of Indian company Milltec Machinery Limited for $109.5m, plus up to $38.4m based on attaining future financial goals. The transaction was funded by AGI’s revolving credit facility,” reported the company about the sale of the shares by Alternate Asset Management, Bengal Finance & Investment Private Limited and other individual shareholders, including the promoters R Ravindranath and J Rajendran.
Khaitan & Co advised
Update 29 May 2019: J Sagar Associates advised
2019-03-28
Deal value: USD 109.5 million
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