Link Legal India Law Services represented the promoters of Mystair Hygiene Care when they sold a controlling stake in the company to Osaka-based Saraya, which was advised by Business Law Chamber.
The deal, signed on 10 June and closed on 6 July, was reportedly for acquisition of a 70% stake at about US$4.7 million.
However, at the end of five years, Saraya will hold 100% of the shareholding of Mystair, according to Vinu Peter Immanuel, an associate partner at Link Legal who advised on the deal, along with senior associate Pragathi Prakash.
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