Private equity major Blackstone has signed a deal to acquire Piramal Group’s Piramal Glass for around $1 billion. The deal contour includes an upfront payment of $850 million while Piramal Group will get approximately $150 million on achieving certain milestones, to be paid over 2 years.
Cyril Amarchand Mangaldas acted for Blackstone, led by Mumbai-based partner Shishir Vayttaden.
Trilegal advised the Piramal Group, led by Mumbai-based co-managing partner Sridhar Gorthi and corporate partner Harsh Maggon.
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