Fox & Mandal Consulting Solutions Private Limited (FMCSPL) played a vital role in the recent acquisition deal involving Topline Industries Private Limited (Topline), a leading manufacturer of PVC Pipes and Water Tanks in India, along with four other entities, namely, Crestia Polytech Private Limited, Aditya Polytechnic Private Limited, Sainath Polymers and Aditya Industries in the acquisition of 100% of its equity share capital by HIL Limited, a flagship company of the CK Birla Group.

Our team at FMCSPL, under the leadership of Mr. Prashant Khandelwal, Director, and Sharad Agarwal, Director Associate, spearheaded the financial and tax advisory aspects of this landmark transaction valued at INR 265 crore. Legal aspects were handled by Fox & Mandal LLP.

This acquisition, which saw Topline Industries and four other entities joining hands with HIL Limited, marks a significant milestone in the industry. It is a significant step towards HIL’s commitment to further accelerate its fast-growing Pipes & Fittings business in the estimated ₹55,000 crore Indian PVC pipes & fittings market.