Khaitan & Co Advised Asahi Glassplant On Investment In Standard Glass Lining Technology
Khaitan & Co advised Asahi Glassplant Inc. in relation to minority investment by Asahi Glassplant Inc (AGI Japan), along with GL HAKKO Co., Ltd and its affiliates in Standard Glass Lining Technology Limited.
Standard Glass Lining Technology Limited is renowned for delivering turnkey solutions to pharmaceutical and chemical companies, encompassing design, engineering, production, assembly, installation, and commissioning, along with the development of standard operating procedures.
AGI Japan, a leading provider of engineered glass systems for chemical processes, offers comprehensive solutions for chemical processing from lab to production scale. Their systems are integral to essential chemical processes including reaction, filtration, evaporation, concentration, distillation, and extraction, with specialized quartz systems for high-purity applications.
The Khaitan & Co team played a pivotal role in advising on all legal aspects of the transaction, including drafting, negotiating, and finalizing the share subscription agreement and shareholders agreement.
The core team consisted of Zakir Merchant (Partner), Yashashree Mahajan (Principal Associate), Divakar Gupta (Principal Associate), Neil Trivedi (Associate) and Niharika Jain (Associate) with assistance from the following:
Securities law and IPO aspects relating to exit rights: Aditya Cheriyan (Partner) and Vijayaraghavan (Principal Associate)
Direct tax law aspects: Vinita Krishnan (Executive Director) and Sneh Shah (Principal Associate)
Indirect tax law aspects: Mayank Jain (Partner) and Pranay Sahay (Principal Associate).