“Kansai Nerolac Paints Ltd has agreed to acquire a 100% stake in construction chemicals company Perma Construction Aids Pvt. Ltd for Rs 29.1 crore (about $4.16 million) in cash,” reported VCCircle.

Desai & Diwanji advised Perma Construction Aids Private Limited and its shareholders led by a team of partner Shreevardhan Sinha and associate Ashutosh Merchant.

Shardul Amarchand Mangaldas acted for Kansai Nerolac Paints Limited. The team comprised of partner Dorothy Thomas, principal associate Aniruddha Ghosh and associate Shruthi Lakshmi.

2018-12-27

Deal value: INR 29.1 crores (approx $4.16 million)

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