J Sagar Associates (JSA) advised Bangalore-based milling machine maker Milltec Group in Mauritian fund Multiples’ buy-out of half its equity for Rs 250 crores ($43.3m). Multiples was advised by Khaitan & Co Bangalore.

JSA partners Sajai Singh and Gerald Manoharan, senior associate Prashant Kumar and associate Roy George acted for Milltec, also advising it on documentation for a Rs 35 crore loan from L&T Finance.

Khaitan & Co Bangalore partner Ganesh Prasad and principal associate Vineet Shingal and associate Sanjay Khan acted for Multiples.

Dua Associates Bangalore partner Srinivas BR acted for the selling shareholders.