“Thermax to acquire 100% stake in Babcock & Wilcox JV: The
Babcock & Wilcox India Holdings Inc exited from its joint venture arrangement in Thermax Babcock & Wilcox Energy Solutions Private Limited. As part of its exit, Thermax Limited, the joint venture partner of B&W, acquired 24% of the shareholding of B&W in Thermax Babcock & Wilcox Energy Solutions Private Limited and the remaining 25% shareholding of B&W was acquired by Thermax Babcock & Wilcox Energy Solutions Private Limited through a buy-back arrangement.
Khaitan & Co advised
Update 13 May 2019: AZB & Partners advised
Deal value: Confidential
2018-05-21
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