Khaitan advised Borosil Glass Works Limited (“Borosil”) in relation to acquisition of 100% stake in Hopewell Tableware Private Limited for $14.6m approximately. With this acquisition Borosil will enter into opal dinnerware business and capture potential synergies with its existing business. Borosil is a listed public company which was incorporated in 1962. It is the market leader for laboratory glassware and microwavable kitchenware in India.
Rahul Dutt, Partner led the transaction and advised on the Corporate aspects with assistance from PB Jain, Counsel on the Real Estate aspects.