Japanese electronic major Toshiba Corporation has increased its stake in UEM India, an international water services company based in Noida, to 80 per cent..Indian Law Partners (ILP) acted for Toshiba Corporation with a team led by Partner Gopika Pant along with Senior Associate Vineet Gupta and Associate Sehar Aijaz..Amicus Services’ Shivi Agrawal acted for the Promoters of UEM India while DSK Legal advised other shareholder India Value Fund (IVF)..The DSK Legal team was led by Partner Narendra Digankar along with Manager Rishabh Mastaram..Toshiba spent a little over 400 crore to buy 54 per cent stake in UEM from promoter Krishnan Kshetry and private equity investor IVF valuing the company at about 750 crore. The Japanese firm had bought 26 per cent stake in March last year, reports ET.
Japanese electronic major Toshiba Corporation has increased its stake in UEM India, an international water services company based in Noida, to 80 per cent..Indian Law Partners (ILP) acted for Toshiba Corporation with a team led by Partner Gopika Pant along with Senior Associate Vineet Gupta and Associate Sehar Aijaz..Amicus Services’ Shivi Agrawal acted for the Promoters of UEM India while DSK Legal advised other shareholder India Value Fund (IVF)..The DSK Legal team was led by Partner Narendra Digankar along with Manager Rishabh Mastaram..Toshiba spent a little over 400 crore to buy 54 per cent stake in UEM from promoter Krishnan Kshetry and private equity investor IVF valuing the company at about 750 crore. The Japanese firm had bought 26 per cent stake in March last year, reports ET.
