Asian Paints has acquired White Teak, a company engaged in the business of decorative lighting and home décor - from the selling shareholders of White Teak - Pawan Mehta & Gagan Mehta.
Cyril Amarchand Mangaldas advised Asian Paints on the deal.
The team was led by Smruti Shah (Partner); with support from Aviral Chauhan (Principal Associate); and Priya Gupta (Associate).
Wadia Ghandy & Co acted as legal counsel to White Teak.
As a part of the transaction, Asian Paints Limited has entered into a definitive agreements with White Teak, for acquiring 100% shareholding in White Teak over 3 tranches to be completed in a period of 3 years.