Partnership venture by Vertices Partners initiates in Baba Advance Materials and J & Materials Company joint venture
Baba Advance Materials and J & Materials Co Form Joint Venture Indichem Inc
In a significant move, Baba Advance Materials, a Surat-based company specialising in the production of non-metallic mineral products, has entered into a joint venture with South Korea-based J & Materials Co. The joint venture, named Indichem Inc, will operate in the manufacturing sector.
The details of the joint venture's nature and terms are yet to be disclosed. However, it is known that Baba Advance Materials shall hold 75% of the share capital in the joint venture company, while J & Materials Co shall hold 25%.
Amit Manubarwala, Senior Partner at VERTICES PARTNERS, led the transaction, with Vishal Mehta, Partner at VERTICES PARTNERS, and Nisha Dharod, Associate Manager at VERTICES PARTNERS, also being part of the team advising Baba Advance Materials. Founder and Managing Partner Vinayak Burman of VERTICES PARTNERS provided strategic inputs.
The joint venture is a group entity of Acutaas Chemicals Limited. No further information about Baba Advance Materials or J & Materials Co was provided in the available search results.
The joint venture was advised by law firm VERTICES PARTNERS, but the specific details about the roles of Amit Manubarwala, Vishal Mehta, and Vinayak Burman in the transaction are not provided in the available search results. The results confirm the advisory role of VERTICES PARTNERS but do not elaborate on individual contributions by these three persons in the deal.
Indichem Inc is the latest addition to the expanding portfolio of joint ventures and strategic partnerships forged by Baba Advance Materials, reflecting the company's commitment to growth and innovation in the non-metallic mineral products sector.
- This joint venture, Indichem Inc, is a testament to Baba Advance Materials' expansion in the industry, demonstrating their commitment to growth and innovation in the non-metallic mineral products sector.
- The financing of this joint venture between Baba Advance Materials and J & Materials Co is yet to be disclosed, signifying potential financial opportunities within the business sector.
