Unitop Chemicals Private Limited | Sale of 100% Stake to Rossari Biotech
The details of the deal are as follows:
Sector: Chemicals
Announcement Date: 02-Jun-2021
Completion Date: 02-Jun-2021
Name of Client: Unitop Chemicals Private Limited Unitop Chemicals Pvt Ltd. was incorporated on 11th August 1980 for Manufacturing Surfactants and Speciality Chemicals.
Name and Description of Acquirer / Bidder / Investor: Rossari Biotech | India
Name and Description of Target / Seller / Investee Unitop Chemicals Private Limited and the Promoters | India
Deal Description: Advised Unitop Chemicals Private Limited and the Promoters in relation to the sale of 100% equity stake held by the Promoters in Unitop Chemicals Private Limited to Rossari Biotech, a speciality chemicals manufacturer, for a total consideration of INR 421 crore (USD 58 million). 8. Total Consideration USD 58 million
Team Members: Vineet Shingal (Partner), Vidushi Gupta (Partner), Soumil Garg (Senior Associate) with assistance from Vinita Krishnan (Director) and Rahul Jain (Principal Associate) on Tax-related aspects of the transaction.
Role of Firm: Advised Unitop Chemicals Private Limited and the Promoters on drafting and negotiating of transaction documents for the sale of 100% equity stake held by the Promoters for a total consideration of INR 421 crore.
