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Indorama Ventures has acquired the chemicals and surfactants business of Huntsman International (India) Private Limited including the plant located at Ankleshwar, Gujarat by way of a slump sale on a going concern basis.
Chandhiok & Mahajan acted for Indorama Ventures and the team was led by Managing Partner Pooja Mahajan, along with Partner Kaushalya Venkataraman, Senior Associate Megha Pathak and Associate Jagrat Rawal.
C&M’s head of antitrust, Karan Chandhiok, advised on the competition law aspects of the transaction.