Deal Street

June 21, 2018

DSK advises ETG in acquisition of 40% shareholding of each ETC (India) & ETG from shareholders


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DSK Legal advised ETG Pulses Bharat Limited (“ETG”) in relation to the acquisition of 40% of shareholding of each of ETC Agro Processing (India) Private Limited (“ETC”) and ETG Agro Private Limited from its existing shareholders, thereby holding 100% in both companies (“First Leg”). Pursuant to the acquisition, DSK Legal advised ETC with respect to the sale of its agricultural business to VR Agro Processors LLP by way of an asset transfer (“Second Leg”).

DSK Legal assisted in inter alia (i) advising on structuring of the transaction; (ii) drafting and negotiating the relevant transaction documents and ancillary documents; (iii) drafting, reviewing and finalizing the conveyance deed; (iv) advising on stamp duty; and (v) execution and closing of the transaction.

The team representing DSK Legal comprised of Mr. Tushar Ajinkya, Ms. Ankita Kashyap and Ms. Aakriti Dubey.

For the First Leg, Khaitan & Co. advised ETC and for the Second Leg, Khaitan & Co. advised VR Agro Processors LLP.

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