CAM advises Belgian company
Cyril Amarchand Mangaldas (CAM) acted as the sole legal counsel to Belgium based company Aliaxis Group, which has a 60% shareholding in Ashirvad Pipes, to acquire the remaining 40% stake in the company from minority Indian promoters including the Poddar family.
CAM’s strategic and general corporate advisory team comprised Mumbai, based managing partner Cyril Shroff along with Bengaluru, based partners Rashmi Pradeep and Arun Prabhu and Mumbai-based partner Shaneen Parikh. CAM’s litigation advisory team and IP advisory team also worked on the deal. AZB & Partners and Aarna Law were legal counsel to the Poddar family.
The transaction is the largest in the pipes and fittings sector in India and has resulted in a change in the management of Ashirvad Pipes.
Sindicatum buys out PLG
J Sagar Associates (JSA) advised PLG Photovoltaic, a subsidiary of Zamil Air Conditioning and Refrigeration Services, on the sale of its entire shareholding to Sindicatum Renewable Energy Group.
The JSA team comprised partners Upendra Nath Sharma and Pallavi Puri and associate Akshay Bhagchandani. Saikrishna & Associates advised Sindicatum.
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