Consumer durables firm Bajaj Electricals has entered into an agreement to acquire the entire stake in non-stick cookware company Nirlep Appliances for ₹42.50 crore in cash. Subsequent to the acquisition, Nirlep will become a wholly-owned subsidiary of Bajaj Electricals. — Hindu Business Line

J Sagar Associates advised Nirlep Appliances Private Limited led by a team of partners Sandeep Mehta and Rajesh Pal; senior associates Aarti Iyer and Avinash Poojari; and associate Vishal Shah.

Nirlep Appliances was represented by Vaish Associates.

2018-06-15

Deal value: USD 6 million

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