Deal Corners

HTML PDF


Deal Corner February 01, 2010

PRYSMIAN CAVI E SISTEMI ENERGIA S.R.L. acquired a equity stake of 51%

Deal Brief

PRYSMIAN CAVI E SISTEMI ENERGIA S.R.L. ("Prysmian"), a global player in the industry of high-technology cables and systems for energy and telecommunications, acquired a equity stake of 51% through a combination of share purchase and share subscription in Ravin Cables Limited ("Ravin Cables") at a consideration of appox. INR 2,000 million. Ravin Cables will focus on expanding its presence in Indian & Middle Eastern markets and towards manufacturing of high technology and special industrial cables.

Ravin Cables is a leading power cables manufacturer in India, having manufacturing facilities in India as well as in the United Arab Emirate of Fujairah. The manufacturing facility in Fujairah is held through Power Plus Cable Co. LLC, a joint-venture between Ravin Cables and the Government of Fujairah.

Prysmian boasts a global presence with subsidiaries in 38 countries with over 50 manufacturing facilities and 7 Research and Development centres. Prysmian is listed on the Milan Stock Exchange in the Blue Chip index.

Our Role

We, at Nishith Desai Associates, acted as legal and tax counsel for Ravin Cables Ltd in this transaction.

 

Mission and Vision


Distinctly Different

Want to work with us?


HIRING Now!!

Inviting Top Talent for our Corporate Law, Infrastructure, IP and International Tax Practices

Strong credentials in Corporate Law (in particular M&A or Fund Investment), Infrastructure, IP or International Tax? Now’s the time to apply. We’re looking for the industry's best talent with scope to do extraordinary work for the world’s best, marquee clients. Reach out for a great career in a great place!

Write to happiness(at)nishithdesai.com


TO LEARN MORE ABOUT US

CLICK HERE.


Nishith Desai Associates 2013. All rights reserved.