Majmudar & Partners represented the Sanwal Family on the sale of their 100% shareholding in Aims Impex Private Limited

by | Jun 5, 2018

Majmudar & Partners represented the Sanwal family on the sale of their 100% shareholding in AIMS Impex Private Limited, a leading flavour and fragrance chemicals manufacturer to Eternis Fine Chemicals Limited for an aggregate purchase price of US$15 million.  AIMS Impex Private Limited is a market leader in manufacturing synthetic coumarin, a popular fragrance chemical in India.

Rukshad Davar, Partner, and Amrit Mehta, Associate Partner, represented the Sanwal family on this transaction.  HSA Advocates and Avendus Capital represented Eternis Fine Chemicals Limited.

Source: In-House Community

 

More News

Akil Hirani interviewed by The Legal 500

Original source: Legal500.com Akil Hirani, Managing Partner and Head of Transactions, outlines the philosophy of the firm and explains how the firm is adapting to client needs. What do you see as the main points that differentiate Majmudar & Partners from your...

read more

Karnataka Gig Worker Law

The Karnataka government has recently issued the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2024 (Bill) and has invited objections/ suggestions from stakeholders.  The provisions of the Bill will apply to all platform aggregators in...

read more

India – Press Note 3 Update

A recent press report suggests that the Indian government is likely to clear joint venture proposals involving Chinese companies like Haier, Suzhou Innovance, China Highly Group and others where the Indian partner has a majority shareholding in the joint venture. In...

read more

No GST on slump sale transactions in India

In an important ruling in the Piramal Enterprises Limited’s case under the erstwhile VAT statute, the Bombay High Court (BHC) has reiterated that a business transfer as a going concern is to be treated as a slump sale, and the assets of the business cannot be...

read more

Benchmark Litigation Rankings 2024

We are pleased to share that we have been ranked for multiple practice areas in the Benchmark Litigation 2024 rankings. Firm Rankings Labour and Employment White-collar Crime Commercial and Transactions Insolvency International Arbitration Government and Regulatory...

read more