Khaitan & Co advised Hyderabad Industries Limited in the deal.
Imerys Group acquired Hyderabad Industries’ thermal insulation business for INR 80 crore (approx. US $11.4 million).
Imerys Group (Euro 4.6 billion group) is a world leader in mineral-based specialties. Calderys India Refractories Limited is a wholly owned company of Imerys S.A., a company listed on Euronext Paris.
HIL is the world’s largest manufacturer and seller of fibre cement roofing.
The Khaitan team was composed by Partner Niren Patel (Picture), Yashashree Mahajan (Senior Associate) and Pujitha Gullapalli (Associate), Real estate aspects: Abhiraj Gandhi (Principal Associate), Direct tax aspects: Vinita Krishnan (Director), Rahul Jain (Senior Associate), Sneh Shah (Senior Associate) and Dhruv Kapadia (Associate), Indirect tax aspects: Ankit A. Shah (Principal Associate), Pranay Sahay (Senior Associate) and Anjali Krishnan (Senior Associate)
Involved fees earner: Abhiraj Gandhi – Khaitan & Co.; Pujitha Gullapalli – Khaitan & Co.; Rahul Jain – Khaitan & Co.; Dhruv Kapadia – Khaitan & Co.; Vinita Krishnan – Khaitan & Co.; Yashashree Mahajan – Khaitan & Co.; Niren Patel – Khaitan & Co.; Sneh Shah – Khaitan & Co.; Ankit Shah – Khaitan & Co.;
Law Firms: Khaitan & Co.;
Clients: Hyderabad Industries Limited;