Desai Diwanji and JSA advise Saint Gobain to acquire Electrotherms pipe division for Rs950 croreDecember 19 2011
France-based Saint Gobain, a global leader in construction, building materials and glass has acquired ductile iron pipes business of Ahmedabad-based Electrotherm (India) for Rs. 950 crores ($ 180 million).
Desai & Diwanji advised Electrotherm with a team led by Partner Monika Deshmukh and Associate Partner Natasha Treasurywala.
J. Sagar Associates advised its long-standing client Saint Gobain with a team led by Partner Sandeep Mehta along with Senior Associate Rajesh Pal.
According to Livemint, Electrotherm has executed binding agreements pursuant to which Saint-Gobain will acquire 100 percent stake in Electrotherm’s ductile iron . . .
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