[lodging products, physical access systems company] dormakaba and the Indian partners have agreed to divide their existing shareholding in Dorset Kaba among them as per agreed terms, thus dissolving the joint venture that was initiated by former Kaba Group in 2007 to gain a foothold in the attractive Indian market. Today dormakaba is 74% shareholder in the joint venture, while the Indian partners own the remaining 26%. Both sides expect that this change will support them in achieving the desired growth potential in their respective target markets. — Dormakaba

J Sagar Associates advised dormakaba Holding AG led by a team of partners Upendra Nath Sharma and Pallavi Puri; associates Pooja Thomas and Akshay Bhagchandani; and assistant company secretary Anuj Jain.

2018-04-03

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