Khaitan advises PUK on acquisition of majority stake in Profab Engineers
Khaitan & Co has advised PUK-Werke KG Kunststoff-Stahlverarbeitung in Germany in relation to its acquisition of a majority stake in Indian company Profab Engineers from its existing promoters.
PUK manufactures cable support systems, cable clamps and under-floor systems.
Partners Rabindra Jhunjhunwala and Anand Mehta advised on the corporate aspects with assistance from partner Abhishek Sharma on the real-estate aspects.
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The Consolidated FDI Policy was released by the Department of Industrial Policy and Promotion and the Ministry of Commerce and Industry on 17 April 2013.