NISHITH.TV
  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • New York

Locations

  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • New York
  • Content
  • Home
  • ABOUT US
  • NDA in the Media
  • Areas of Service
  • Research and Articles
  • Opportunities
  • Contact
  • NDACloud
  • Client Access
  • Member Access
  • Events and Calendar
  • How we perform
  • Knowledge anywhere, anytime
  • See our recent deals
  • Transactional insights unlocked
  • Up to date legal developments
  • Case studies in M&A

Deal Corner

HTMLPDF

August 11, 2016

TCG acquires Indian chemicals business of Mitsubishi chemicals corporation, Japan

DEAL BRIEF

The Chatterjee Group (“TCG”), headquartered in the US with investments and operations spanning several continents and industries, has agreed to acquire approximately 90% of the shares of MCC PTA India Corp. Private Limited (“MCPI”) from Mitsubishi Chemicals Corporation, Japan (“MCC”). The acquisition is subject to regulatory approvals.

MCPI was incorporated by MCC in 1997 with a total investment of approximately INR 36 billion, making it one of the largest recipient of foreign direct investment in India from Japan. MCPI being one of the largest manufacturers of Purified Terephthalic Acid (PTA) in India, has an installed capacity of 1.27 million tonnes and a turnover of approximately INR 60 billion.

Press coverage relating to this transaction, is available here (Livemint) and here (Business Standard).

OUR ROLE

We, at Nishith Desai Associates, acted as the Indian legal, regulatory and tax counsel to TCG.

Mission and Vision


Distinctly Different

What's New


Mid-Year FPI Wrap 2025: Developments in The Foreign Portfolio Investor Regime
Regulatory Hotline: July 01,2025
Breaking the Substance Barrier: IFSCA Clears the Path for Third Party Fund Managers
GIFT City Express : June 30,2025

Events


Webinars

Blended Finance Structures to Scale up Climate Smart Agriculture
July 03,2025 - July 03,2025

Seminar

Guided Meditations by Dr. Deepak Chopra
December 14,2024 - December 14,2024

This event is over. For event material please click here


Round Table

Investing In Net Zero
July 22,2022 - July 22,2022

This event is over. For event material please click here

News Roundup


News Articles

2025 Watchlist: Life Sciences Sector India
April 04,2025

Quotes

Swades 2.0: Experts Decode Why Startups Are Coming Home
June 23,2025

Newsletters


Regulatory Hotline

Mid-Year FPI Wrap 2025: Developments in The Foreign Portfolio Investor Regime
July 01,2025

GIFT City Express

Breaking the Substance Barrier: IFSCA Clears the Path for Third Party Fund Managers
June 30,2025

Tax Hotline

Taxability of One-Time Voluntary Payment Received on Diminution of Value of ESOPs
June 28,2025

  • Disclaimer
  • Content
  • Feedback
  • Walkthrough
  • Subscribe
Nishith Desai Associates@2016 All rights reserved.