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ILP, DSK, Amicus act on Toshiba’s acquisition of remaining stake in UEM

Bar & Bench

Indian Law Partners (ILP) acted for Toshiba Corporation and its subsidiary in their collective stake increase to 100% and further investment in Delhi-based wastewater treatment and clean water solutions provider company UEM India

Amicus Services acted for the Promoters of UEM India and DSK Legal advised the other shareholder True North (formerly India Value Fund).

ILP team was led by Partner Gopika Pant, along with Counsel Vineet Gupta and Associates Abhishek Kumar and Pranay Kapoor.

Amicus Services’ Partner Shivi Agarwal and Associate Neelakshi acted for the UEM Promoter.

DSK Legal Partner Narendra Digankar acted for True North.

With this transaction, True North and the Promoters have exited from UEM.

In 2014, Toshiba Corporation had picked up 26 percent stake in UEM India Pvt Ltd,

Image taken from here.