Khaitan & Co advised Nippon Paint Holdings Company Limited in relation to transfer, by way of a slump sale of business of the (i) automotive paints business vertical (relating to 4 wheeler passenger cars and SUV, 3 wheelers and ancillaries) of Berger Paints India Limited to BNB Coatings India Private Limited (BNB), India; and (ii) 4 wheeler passenger car body paint business of Nippon Paint (India) Private Limited to BNB. Nippon Paint Holdings Company Limited is one of Asia’s leading Paints and Coatings company.
Rajat Mukherjee, Partner; Arindam Sarkar, Associate Partner; Monika Srivastava, Principal Associate; Suhana Islam, Principal Associate; Nidhi Killawala, Senior Associate and Prithwijit Gangopadhyay, Associate advised on the Corporate aspects with assistance from others in the firm.