French multinational SUEZ Group has acquired a majority stake in Driplex Water Engineering for an undisclosed transaction value..Prarabdha Jaipuriar, General Counsel (Indian Subcontinent) of SUEZ Group led the transaction. Shardul Amarchand Mangaldas also advised SUEZ in the transaction through a team comprising Partners Amit Kumar and Saurav Kumar, Principal Associate Varun Sehgal and Associates Harman Walia and Manika Mishra..Desai & Diwanji acted for KL Jain & his family, who sold their stake in Driplex to SUEZ. The team was led by Partner Raghav Mathur; Associates Amanjot Malhi and Jatin Mittal also worked on the deal..Driplex, an Indian company, is a leading player in the industrial water treatment market. As a result of the deal, SUEZ will benefit in reinforcing its manufacturing capacities in India, aligned with the “Make in India” initiative, as Driplex has a few manufacturing plants in the country.
French multinational SUEZ Group has acquired a majority stake in Driplex Water Engineering for an undisclosed transaction value..Prarabdha Jaipuriar, General Counsel (Indian Subcontinent) of SUEZ Group led the transaction. Shardul Amarchand Mangaldas also advised SUEZ in the transaction through a team comprising Partners Amit Kumar and Saurav Kumar, Principal Associate Varun Sehgal and Associates Harman Walia and Manika Mishra..Desai & Diwanji acted for KL Jain & his family, who sold their stake in Driplex to SUEZ. The team was led by Partner Raghav Mathur; Associates Amanjot Malhi and Jatin Mittal also worked on the deal..Driplex, an Indian company, is a leading player in the industrial water treatment market. As a result of the deal, SUEZ will benefit in reinforcing its manufacturing capacities in India, aligned with the “Make in India” initiative, as Driplex has a few manufacturing plants in the country.
