Thermax Limited, listed on the Bombay Stock Exchange has acquired 100% of the share capital of Buildtech Products India Private Limited (Buildtech Products) from its Promoters for up to approximately INR 780 Million. This acquisition has solidified Thermax’s presence in the construction chemicals sector.
Deal Description:
Economic Laws Practice (ELP) advised Buildtech Products and its Promoters in this transaction by providing end to end support in connection with the transaction. The definitive documents entailed detailed and nuanced negotiations in relation to the bespoke dynamics of the deal including various conditions and contingencies. The ELP Team supported their client by drafting, reviewing, negotiating, and finalizing all definitive documents and other ancillary documents to ensure that the interests of all parties were adequately addressed in a balanced manner.
The transaction team consisted of Abhishek Sanyal (Partner), Jishnu Dhar (Principal Associate), and Simran Yadav (Associate).
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