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Shardul Amarchand Mangaldas & Co advises J.K. Investo Trade in acquisition of stake in J.K. Ansell

ANI  |  New Delhi [India] 

Shardul Amarchand Mangaldas & Co. acted as legal advisor on behalf of J.K. Investo Trade (India) Ltd., a group company of Ltd., in the of J.K. Ansell Private Ltd. from Pacific Dunlop Holdings (Singapore) Pte Ltd., a group company of Ansell Ltd.

J.K. Ansell Private Ltd. is a 50:50 joint venture company of Pacific Dunlop Holdings (Singapore) Pte Ltd. and J.K. Investo Trade (India) Ltd.. J.K. Ansell Private Ltd. manufactures condoms, toiletries (under the brand 'Kamasutra' and 'KS') ('Sexual Wellbeing Business') and rubber and latex gloves ('Gloves Business').

The Gloves is in the process of being demerged from J.K. Ansell Private Ltd. into Ansell Protective Products Private Ltd. (a group company of Ansell Ltd.), pursuant to which only the Sexual Wellbeing will be retained by J.K. Ansell Private Ltd..

Pursuant to the transaction, J. K. Investo Trade (India) Limited shall own 100% stake in J.K. Ansell Private Ltd. from Pacific Dunlop Holdings (Singapore) Pte Ltd., thereby acquiring the entire Sexual Wellbeing and shall sell its stake in Ansell Protective Products Private Ltd. to Pacific Dunlop Holdings (Singapore) Pte Ltd, thereby divesting entirely from the Gloves

The General Corporate and Dispute Resolution practices of Shardul Amarchand Mangaldas advised J.K. Investo Trade (India) Ltd. The team was involved in drafting and negotiating all documents and providing general corporate advisory on the deal. The team was led by Mr. Anuj Bhasme, Partner; and included Ms. Neety Thakkar, Senior Associate, Mr. Gaurav Dugar, Senior Associate and Mr. Avichal Mathur, Associate.

The Dispute Resolution Team advised on the demerger related aspects of the It was led by Mr. Ameya Gokhale, Partner; and included Ms. Meghna Rajadhyaksha, Principal Associate.

Parties involved in the include J.K. Ansell Private Ltd., J.K. Investo Trade (India) Ltd., Ansell Protective Products Private Ltd. and Pacific Dunlop Holdings (Singapore) Pte Ltd.

The advisors involved in the were J Sagar Associates and PwC (advisors to Pacific Dunlop Holdings) and Deloitte (advisors to J.K. Investo Trade (India) Ltd.).

The deal value is confidential.

The deal was signed on 15 August 2017.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 13 2017. 17:02 IST
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