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Khaitan, Luthra act on sale of $123.7m Welspun assets to Laptev

“Welspun Corp to sell assets worth Rs 940 crore: The company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore. The business transfer agreement (BTA) was executed between the two parties on March 31,” reported Mint.

Khaitan & Co advised Welspun Group led by a team of partner Anuj Shah, principal associate Kartikeya Prakash, associate Gautam Suseel, associate Pratik Jain, principal associate Anisha Chand.

L&L Partners advised Laptev Finance Pvt Ltd led by a team of partner Bikash Jhawar, the team additionally comprised of managing associate Avinash Subramanian, associate Pranav Tolani and associate Aivan Raj. Competition partner Abdullah Hussain also assisted.

2019-03-31

Deal value: Approx. USD 123.7 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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