Dormer Pramet, a division within Sandvik Machining Solutions, has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools.

— Company Press Release

AZB & Partners advised -Miranda Tools Private Limited led by a team of partner Anand Shah, senior associates Shriram Shah and Siddharth Paranjpe.

Update 8 July 2020: Khaitan & Co advised Dormer Pramet and Sandvik, led by a core team of partner Tanvi Kumar, senior associate Akshay Sharma, associate Abhiroop De with assistance from the following: due diligence: associate Tanmaya Negi and associate Saumyam Krishna; direct tax advisory: partner Indruj Singh Rai and associate Aashima Sawhney; indirect tax advisory: partner Ayush A Mehrotra and associate Upkar Agrawal; intellectual property advisory: partner Shailendra Bhandare and associate Vivek Singh; environmental law advisory: partner Nawneet Vibhaw.

2020-06-18

Deal value: Confidential

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