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.