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