Acquisitions19 Jul 2025, 05:10 pm
Supreme Industries to Acquire Wavin's Indian Piping Business for Rs. 310 Crs. Including Net Working Capital
AI Summary
The Supreme Industries Limited has entered into a Business Transfer Agreement (BTA) with Wavin Industries Limited and its two wholly owned subsidiaries, Wavin India Pipes and Fittings Manufacturing Private Limited & Wavin India Holding Pvt. Ltd. The acquisition of Wavin's Indian Piping (Building and Infrastructure) Business is expected to be completed by July 2025, subject to the fulfillment of terms and conditions precedent. The total consideration for the transaction is about Rs. 310 Crs. including net working capital, which is subject to final adjustment as on the closing date.
Key Highlights
- Supreme Industries to acquire Wavin's Indian Piping (Building and Infrastructure) Business
- Aggregate consideration of Rs. 310 Crs. including net working capital
- Acquisition on a going concern basis on a slump sale basis
- Expected completion by July 2025
- Subject to fulfillment of terms and conditions precedent