Birla group flagship Grasim Industries has signed an agreement to acquire Soktas India from its Turkish promoters for Rs 165 crore. Soktas is a wholly-owned subsidiary of the Turkish firm Soktas Tekstil Sanayi ve Ticaret, which produces and markets premium fabrics and has its main facilities at Soke in the Mediterranean country.

— The Economic Times

Indian Law Partners (ILP) advised Soktas Turkey led by a team of partners Gopika Pant and Kanika Premnarayen, senior associate Abhimanyu Kaul and associate Divakar Gupta.

Khaitan & Co acted for Aditya Birla Group and the team was led by a core transaction team: partner Vineet Shingal, counsel Shailendra Bhandare, senior associate Niharika Mepani, associate Aman Dwivedi, associate Sourav Dan, associate Rhea Jha and Mahima Narsaria (paralegal) with assistance from principal associate Nayantara Kutty. Due diligence: partner Supratim Chakraborty, senior associate Sneha Oak Joshi, senior associate Prithwijit Gangopadhyay, senior associate Shourya Sengupta, associate Sumantra Bose, associate Aritri Roy Choudhary and associate Sneh Lata.

2019-03-06

Deal value: INR 165 crores

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