Majmudar & Partners represented Fluidmaster INC. on Its proposed acquisition of 51% In Fluidmaster Jindal Sanitaryware India Private Limited

by | Feb 6, 2018

Majmudar & Partners represented Fluidmaster Inc., one of the world’s leading manufacturers of sanitaryware parts, on its proposed acquisition of 51% in Fluidmaster Jindal Sanitaryware India Private Limited engaged in the business of manufacture of sanitaryware parts.  The proposed acquisition is at an enterprise value of INR80 crores (US$12 million approximately), and is subject to necessary approvals and fulfillment of conditions precedent in the definitive agreements.

Rukshad Davar, Partner led the team from Majmudar and represented Fluidmaster Inc., on this transaction.  Kanth and Associates represented the Jindal entities i.e. Jindal Sanitaryware Private Limited, Jindal Plast India and J. S. Industries.

Source: Venture Intelligence

More News

Akil Hirani quoted by The Economic Times on the NDTV takeover

The Adani Group recently announced that its media unit was set to buy a majority stake in NDTV. Akil Hirani, Managing Partner and Head of Transactions Practice, was quoted by The Economic Times on the topic. "NDTV can adopt the classic takeover defence of bringing in...

read more

India – Insolvency Update

In the case of Somesh Choudhary v. Knight Riders Sports Private Limited & Ors, the National Company Law Appellate Tribunal (NCLAT) has held that claims arising from the grant of an exclusive right and license to use intellectual property rights falls...

read more

India – Employment Update

Under the Industrial Disputes Act, 1947, normally, the termination of a fixed term contract does not elicit payment of retrenchment compensation to the contractual worker, unlike the termination of an open-ended employment agreement. In the recent case of Jamnagar...

read more

Withdrawal of Personal Data Protection Bill

On August 3, 2022, the Indian government withdrew the Personal Data Protection Bill (the “Bill”), which was first introduced in Parliament on December 11, 2019, and had been thoroughly analysed by a Joint Committee of Parliament (“JCP”). To a Bill which had 99...

read more