Grasim Industries Ltd. on Jan. 4 closed its deal to acquire Aditya Birla Chemicals (India) Ltd. for a transaction value of 14.62 billion Indian rupees (US$219.8 million).
The company offered 235.28 rupees per share for the stake.
In addition to general closing conditions, the deal required additional review for antitrust concerns.
Khaitan & Co. was the legal adviser for Grasim Industries.
Khaitan & Co. was the legal adviser for Aditya Birla Chemicals.