TATA CHEMICALS ACQUISITION
Shardul Amarchand Mangaldas & Co advised Tata Chemicals on its ₹1.2 billion (US$18.4 million) acquisition of the precipitated silica business of Allied Silica Limited (ASL) on a slump sale basis.
The firm’s general corporate practice advised Tata Chemicals on the transaction, including on due diligence; drafting and advising on the business transfer agreement; and advising on the process of transfer of leasehold property of State Industries Promotion Corporation of Tamil Nadu from ASL to Tata Chemicals.
The M&A transaction team was led by partner Abhishek Guha, while partner Dorothy Thomas provided local regulatory and real estate advice. The deal is expected to close in July.
