“Mawana Sugars Ltd has entered into a definitive agreement to sell its non-core business to Bodal Chemicals Ltd, another publicly listed company. Mawana Sugars said it is selling the Punjab-based Siel Chemical Complex in a slump sale for Rs 137 crore (nearly $18.8 million).”, as per the reports by the VC Circle.

AZB & Partners acted as the legal counsel Mawana Sugars led by a team of partners Daksh Trivedi and Ankit Tandon.

2021-02-09

Deal value: INR 137 Crores (USD 19 Million)

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