Dealstreet

Majmudar, Phoenix lead on Italy’s Pelliconi’s acquisition of stake in Oricon Packaging for 419 crore

Bar & Bench

Majmudar & Partners represented Pelliconi & C. S.p.A., one of the world’s leading manufacturers of crown corks, metal and plastic caps for the bottling industry, on its proposed acquisition of 51% in Oricon Packaging Limited, a wholly owned subsidiary of Oricon Enterprises.

The proposed acquisition is at an enterprise value of Rs. 419 crores ($64.5 million approximately).

The Majmudar team was led by Managing Partner Akil Hirani along with Associate Partner Amrit Mehta.

Pedersoli Studio Legale represented Pelliconi as Italian legal counsel.

Phoenix Legal acted for Oricon Enterprises Limited and the team was led by Partner Sawant Singh.

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