Cyril Amarchand Mangaldas advised Asian Paints on acquisition White Teak
Cyril Amarchand Mangaldas advised Asian Paints on acquisition White Teak
India's Leading law firm Cyril Amarchand Mangaldas advised Asian Paints, India's leading paint manufacturing company and ranked among the top ten decorative coatings companies in the world, on their acquisition of Obgenix Software Private Limited (known as White Teak), a company engaged in the business of decorative lighting and home décor, from Mr. Pawan Mehta & Mr. Gagan Mehta, the selling shareholders of White Teak.
Cyril Amarchand Mangaldas advised Asian Paints. The general corporate practice team was led by Smruti Shah, Partner; with support from Aviral Chauhan, Principal Associate; and Priya Gupta, Associate. Whereas White Teak was advised by Wadia Ghandy & Co.
With this deal Asian Paints Limited has entered into a definitive agreements with White Teak, for acquiring 100% shareholding in White Teak over 3 tranches to be completed in a period of 3 years.
The Transaction was signed on 1st April, 2022; and closed on 2nd April, 2022.
