Khaitan & Co advised HIL Limited in relation to acquisition of the entire shareholding of Parador Holdings GmbH from its existing shareholders NORD Holding, Deutsche Mittelstandsholding, Lubert Winnecken and Hendrik Voß for EUR 72.3 million.

HIL Limited formerly known as Hyderabad Industries Limited is a flagship group company of CK Birla Group. HIL is a pioneer of green building materials, producing durable roofing solutions, panels, walling blocks, plywood substitutes, high quality pipes and fittings, and industrial insulation. The core transaction team comprised of Haigreve Khaitan (Partner), Niren Patel (Partner), Minhaz Lokhandwala (Principal Associate) and Yashashree Mahajan (Associate) with support from the following practice areas:

Direct Tax: Bijal Ajinkya (Partner), Ritu Shaktawat (Associate Partner) and Sneh Shah (Associate)

Enforcement related aspects: Peshwan Jehangir (Partner) and Ayush Agarwala (Senior Associate)

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