Trilegal advised Promoter Group of Polyplex Corporation Limited, a leading global manufacturer of polyester film, on the sale of a minority stake in the company to AGP Holdco.
Investment firm AGP Holdco is a part of the Al-Ghurair Group based in the UAE.
Partner and head of the corporate practice Yogesh Singh and partner Ankush Goyal led the team, with the support of partners Gautam Chawla on competition issues, Rahul Arora on real estate matters and Atul Gupta on labour and employment concerns.
Counsel Kanishka Maggon, senior associates Nikhil Issar, Madhav Tampi and Ankush Walia, and associates Pallav Gupta, Madhav Kapoor, Akanshha Agrawal and Gaurav Utagikar also provided support.
The transaction is subject to the execution of definitive agreements and fulfilment of customary conditions precedent (which included relevant governmental and regulatory approvals).