<p>The shareholders of <strong>Citizen Industries,</strong> Kamalesh Mehta and Praful Patel, and their respective family members have sold their 100% shareholding to <strong>Daikin Airconditioning India </strong>for INR 125 Crores.</p>.<p>Additionally, their manufacturing facility situated in Bengaluru owned by Kamalesh Mehta has also been sold to Daikin as a part of the transaction.</p>.<p><strong>DSK Legal</strong> acted for Citizen Industries and the team was led by Partner <strong>Hemang Parekh, </strong>along with Principal Associate<strong> </strong>Jayesh Kothari<strong> </strong>and Associate<strong> </strong>Supallab Chakraborty. </p><p><strong>Pallavi Joshi</strong> and <strong>Siddharth Shah</strong> assisted in drafting the sale deed and property-related documents for sale of factory premises situated in Bengaluru.</p>.<p>Daikin was represented by <strong>Pioneer Legal</strong> (legal advisors) and <strong>KPMG </strong>(financial advisors).</p>
<p>The shareholders of <strong>Citizen Industries,</strong> Kamalesh Mehta and Praful Patel, and their respective family members have sold their 100% shareholding to <strong>Daikin Airconditioning India </strong>for INR 125 Crores.</p>.<p>Additionally, their manufacturing facility situated in Bengaluru owned by Kamalesh Mehta has also been sold to Daikin as a part of the transaction.</p>.<p><strong>DSK Legal</strong> acted for Citizen Industries and the team was led by Partner <strong>Hemang Parekh, </strong>along with Principal Associate<strong> </strong>Jayesh Kothari<strong> </strong>and Associate<strong> </strong>Supallab Chakraborty. </p><p><strong>Pallavi Joshi</strong> and <strong>Siddharth Shah</strong> assisted in drafting the sale deed and property-related documents for sale of factory premises situated in Bengaluru.</p>.<p>Daikin was represented by <strong>Pioneer Legal</strong> (legal advisors) and <strong>KPMG </strong>(financial advisors).</p>