September 14, 2018:

HIL Ltd., a Hyderabad-based 'Building Materials Company' has bought Parador Holdings of Germany, which worth Rs. 687 Crore, from its existing shareholders for 72.3m Euros.

The Shareholders include NORD Holding, Deutsche Mittelstands Holding, Lubert Winnecken and Hendrik Voß.

Khaitan & Co advised HIL. The team was led by Partner Haigreve Khaitan, Partner Niren Patel, Principal Associate Minhaz Lokhandwala and Associate Yashashree Mahajan.

They were supported in Direct Tax by Partner Bijal Ajinkya, Associate Partner Ritu Shaktawat and Associate Sneh Shah.

In aspects related to enforcement, the Advising were Partner Peshwan Jehangir and Senior Associate Ayush Agarwala.

HIL informed that Baker McKenzie Germany and Austria acted for the Client firm while CMS Germany acted for Sellers.

 

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Source: Legally India