Veritas Legal advised Lioli Ceramica, a Gujarat-based producer of porcelain countertop slabs, and its promoters when they sold a majority stake in the company to Nasdaq-listed Caesarstone.
Khaitan & Co advised Caesarstone – a manufacturer of engineered surfaces based in Israel – while the company’s GC, Ron Mosberg, was the lead lawyer in the deal.
Valued at US$22 million, the deal includes a cash investment of about US$12 million and additional consideration of up to US$10 million upon the achievement of certain milestones.
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