Khaitan & Co Advises Vectus Industries In Relation To Sale Of Equity Shares To Wavin BV

Khaitan & Co advised Vectus Industries Limited and its promoters in relation to the sale of equity shares of Vectus Industries Limited by the promoters to Wavin BV (an Orbia group company), and the acquisition of 100% of the equity share capital of two Indian subsidiaries of Wavin BV by Vectus Industries Limited, resulting in a post transaction aggregate of of the share capital of Vectus Industries Limited being held by Wavin BV, on a fully diluted basis. The scope of work included a due diligence, negotiation and finalisation of share purchase agreements, a shareholders' agreement, employment agreements for the managing directors and other ancillary documents relating to the transaction. The core team consisted of Bharat Anand (Partner) and Tanima Tandon (Senior Associate). The core team was assisted by Suchita Vyas (Associate) and Suhaas Arora (Associate) on due diligence, Suchita Vyas (Associate) and Jubin Jay (Associate) on the transaction documentation, Pranjal Prateek (Partner) and Nilav Banerjee (Associate) on competition law aspects and Abhinav Rastogi Counsel on emplo ment law aspects.