Khaitan & Co Advised India Glycols Limited On The Demerger Of Bio Pharma And Spirits & Biofuel Undertakings
Khaitan & Co advised India Glycols Limited on the demerger of bio pharma and spirits & biofuel undertakings
The leading law firm in India, Khaitan & Co is advising India Glycols Limited on the demerger of its bio pharma undertaking and spirits & biofuel undertaking into two separate listed companies, namely Ennature Bio Pharma Limited and IGL Spirits Limited. The scheme is intended to unlock value for the shareholders of India Glycols Limited. It has been approved by the stock exchanges and SEBI and is pending approval from the NCLT, shareholders, and unsecured creditors.
The Khaitan & Co team was led by Atul Pandey (Partner) and Hirak Mukhopadhyay (Partner), with support from Varun Yadav (Principal Associate).
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