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PDS for Gujarat Apollo on $26.5m JV sale to Swiss construction equipment maker Ammann (Jun ‘20)

Switzerland-based mechanical engineering company Ammann Group Holding AG has fully acquired the stake of its partner in a joint venture. Gujarat Apollo Industries Ltd, which operates Ammann India Pvt. Ltd, is selling its 30% stake in the JV for Rs 202.43 crore (approximately $26.57 million at current exchange rates).

PDS Legal advised Gujarat Apollo Industries Limited and its subsidiary AEML Investments Limited led by a team of partner Vihang Virkar and senior associate Himanshu Garg.

J Sagar Associates acted as the Indian legal counsel to Ammann Singapore, led by partner Aditya Rathi and associate Parshva Doshi.


Deal value: INR 202.43 crore (USD 26.5 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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