Majmudar & Partners in 2019
THE YEAR GONE BY AT MAJMUDAR & PARTNERS A very happy new year to all of you. At the start of a new decade, there is a lot to look forward to. 2019 was an interesting year in India with growth tapering off a little. However, the legal market saw a fair bit of activity….
Majmudar & Partners promotes Amrit Mehta to partnership
Amrit Mehta has been elevated to Partner at Majmudar & Partners. Amrit Mehta has 11 years of experience in corporate/M&A, insurance and real estate financing, and has advised on domestic and cross-border acquisitions, joint ventures, private equity investments, foreign direct investments and insurance matters. Mehta is a 2008 graduate of National Law University, Jodhpur, and…
Majmudar acts on Browndove Healthcare fund raise from a group of investors
A group of investors lead by Dr. Ramesh Kancharla have invested in Browndove Healthcare Private Limited, a manufacturer and supplier of a complete range of medical devices in renal care products. Assentio Legal, a firm set up in 2018 with offices in Chennai and Bangalore, represented the investors. The Assentio team was led by Bangalore…
Majmudar & Partners represented Elementis plc on an acquisition of a production facility near Mumbai
Majmudar & Partners represented Elementis plc (LSE: ELM), a global specialty chemicals company, on an acquisition of a production facility near Mumbai through its Indian affiliate, Elementis Specialties (India) Private Limited, under an asset purchase transaction. We advised on Indian law aspects of the acquisition, including the legal due diligence, finalization of the definitive agreements…
Viewpoints: The UltraTech case
India’s Supreme Court recently upheld a lower tribunal’s verdict approving UltraTech Cement’s $1.1 billion offer for indebted Binani Cement. UltraTech had lost out initially to a bid from a Bain Capital Credit-backed consortium, only to return with an upgraded proposal that was challenged as being late and made once the details of the rival offer…
Majmudar & Partners assisted Intertape Polymer Group, Inc. on its acquisition of a 26% ownership stake in Powerband
Majmudar & Partners assisted Intertape Polymer Group, Inc. (ITP:CA), a leading listed manufacturer of packaging products and machinery, on its acquisition of a 26% ownership stake in Powerband Industries Private Limited (Powerband) from the Desai Family at an enterprise value of US$40 million. Pursuant to this transaction, Powerband is a wholly-owned subsidiary of Intertape Polymer…
Majmudar & Partners assisted Chart Industries Inc. on its acquisition of VRV Asia Pacific Private Limited
Majmudar & Partners assisted Chart Industries Inc. (Nasdaq: GTLS), a leading manufacturer of highly engineered cryogenic equipment used in the liquid gas supply chain, on its acquisition of VRV Asia Pacific Private Limited. This transaction is a part of Chart’s global acquisition of VRV Srl and its subsidiaries, valued at US$143 million. Rukshad Davar, Partner…
India rolls out the red carpet
Foreign investment is undeniably on the rise. But, despite abolishing many hundreds of archaic laws, Prime Minister Narendra Modi remains under pressure to do more. When Narendra Modi delivered the opening plenary address in Davos, Switzerland on 23 January, he was the first Indian prime minister to attend the annual World Economic Forum meeting in…
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