Cyril Amarchand Mangaldas advised Carborundum Universal Limited (CUMI) on a strategic majority investment in PLUSS Advanced Technologies Private Limited (PLUSS) through a combination of a primary and secondary acquisition. The total deal size is approx. INR 115 Crores.
The General Corporate Practice of Cyril Amarchand Mangaldas advised CUMI on the Transaction. The Transaction team was led by L. Viswanathan, Partner; and Gautam Gandotra, Partner; with support from Arnav Shah, Principal Associate. The Transaction was signed on August 26, 2021.