Lakshmikumaran & Sridharan Attorneys (LKS) advised Fibro India Precision Products, a subsidiary of L?PPLE, on the sale and transfer of its rotary table unit business to Fibro Rotary Tables India, a newly formed entity of the acquirer, as a part of L?PPLE Group’s global restructuring.
Partner Srabonee Roy led the LKS team. The firm worked on tax and intellectual property aspects, addressing licensing, tax implications, regulatory approvals, and foreign exchange compliance.
The Indian leg of the transaction included the transfer of moveable assets, plant and machinery, employees, contracts, liabilities, and the lease of the manufacturing unit. German firm AC Tischendorf Rechtsanw?lte represented L?PPLE in the global restructuring.
