Link Legal Advised On Further Divestment Of Business Stake By Promoters Of Precious Alloys To Legor Group.
LIVELAW NEWS NETWORK
17 Oct 2022 11:45 AM GMT
Link Legal acted as the transactional advisor for Precious Alloys Private Limited ("Precious Alloys"), its Promoters and Legor Group S.p.A, in the divestment of 15% stake by the Promoters of Precious Alloys through exercise of call option by Legor Group. The ticket size of the deal is approximately USD 2,024,671 equivalent to INR 16 Crore. Following the exercise of call option, Legor Group has now 35% stake in Precious Alloys.
Established in 1999, Precious Alloys is owned by Mr. Vicky Mahendru, and is a flagship company of the Heaton Group. It has been one of the pioneers in technical consulting for jewellery manufacturing in India. Precious Alloys has been a trusted business partner for a large number of local jewellery manufacturers and jewellery exporters. Precious Alloys deals in precious metals such as Gold, Silver, and Platinum, Palladium, Argentium Silver and also in precision machinery complementing these alloys assisting in achieving the extra edge of precision on desired jewellery with a high quality standard.
Our scope included (i) drafting, negotiating and finalizing the transaction documents; and (ii) legal assistance in closing the transaction; and (iii) providing general advisory and assistance throughout the transaction.
Link Legal acted as transactional advisors and represented all parties.
Link Legal team comprised of Co-Managing Partner, Nusrat Hassan, Associate Partner, Ambuj Sonal, Senior Associate, Tanvi Pande and Associate, Meghna Punjabi.
