HSA Advocates advises Donear Group on acquisition of 100% stake of Grasim Industries Limited in Grasim Bhiwani Textiles Limited
Donear Group acquired 100% stake of Grasim Industries Limited (a flagship company of the Aditya Birla Group) in its wholly owned subsidiary Grasim Bhiwani Textiles Limited (GBTL). GBTL is engaged in manufacturing of polyester viscose fabric catering the market under the flagship brand “Grasim” as also supplying the fabric to various other reputed brands. Donear is a market leader in the manufacture of polyester viscose fabric.
HSA Advocates advised Donear Group on all aspects of the transaction and was led by Amitabh Sharma, Managing Partner along with Aninda Pal, Partner and Kunal Rajpal, Principal Associate.