•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Khaitan, JSA on $11m Astral Poly Technik buy in Rex Polyextrusion

“Pipe and adhesive maker Astral Poly Technik Ltd has agreed to acquire Rex Polyextrusion Pvt. Ltd for Rs 147.50 crore ($21.4 million) in a cash-and-stock deal to expand its product offerings,” reported VCCircle.

Astral said in a stock exchange disclosure it will pick up a 51% stake in Rex Polyextrusion for Rs 75.2 crore in cash and the remaining stake through a share-swap deal, the report added.

Khaitan & Co partner Anand Mehta, principal associate Minhaz Lokhandwala and associate Aparajita Chakraborty acted on the core transaction with associate Nupur Pandit for due diligence, counsel Shailendra Bhandare and associate Sourav Dan for intellectual property, partner Sanjay Sanghvi and principal associate Suraj Kumar Shetty for tax acted for Astral Poly Technik.

Update 20 July 2018: J Sagar Associates (JSA) advised Rex Polyextrusion Private Limited, led by partners Nitin Potdar, Rinku Ambekar and Ongmu Tshering and associate Abhishek Singh.

No comments yet: share your views