Shinryo Corporation, a leading Japanese conglomerate, has acquired an 84.99% stake in GMP Technical Solutions, the second-largest clean room equipment manufacturer in India. Our firm advised the seller, Vascon Engineers Limited, a Pune-based engineering and real estate firm, and GMP Technical Solutions, on the sale of the stake to Shinryo Corporation.1INDUSLAW Team:Minhaz Lokhandwala (Partner), Vwastav Ghosh (Principal Associate) and Yashovardhan Kedia(Associate)Other law firms advised:Mori Hamada & Matsumoto and DSK Legal - Shinryo CorporationFootnotes1 https://www.moneycontrol.com/news/business/real-estate/shinryo-corp-to-acquire-clean-room-partition-maker-gmp-technical-solutions-12771627.html2 https://economictimes.indiatimes.com/news/company/corporate-trends/japans-shinryo-to-acquire-gmp-technical-solutions/articleshow/111825945.cms?from=mdrThe content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Source: Economic Times July 22, 2024 09:13 UTC