LegaLogic Consulting advised VEM Tooling Private Limited (“VEM Tooling”)
We are pleased to announce that LegaLogic Consulting advised VEM Tooling Private Limited (“VEM Tooling”), with respect to its business transfer to VEM Plastic Molding Private Limited, a private company held by Zodiac – JRD-MKJ Limited, a company listed on the BSE Ltd. and National Stock Exchange of India Ltd.
VEM Tooling specializes in the manufacturing, sales, and distribution of plastic injection molding and tooling. Pursuant to the business transfer, VEM Plastic will continue this line of work, focusing specifically on plastic and molding products. Zodiac, VEM Plastic’s parent company and a pioneer in cut & polished diamonds, jewellery, precious stones and semi-precious stones, has now acquired the business of VEM Tooling through its subsidiary to drive strategic growth, broaden its market presence, and diversify its revenue.
ZODJRDMKJ Zodiac-JRD-MKJ Ltd Acquisitions and mergers Announcement
LegaLogic (https://legalogic.com/ ) was the sole legal counsel for VEM Tooling and advised on negotiation and finalisation of deal documentation of the transaction and assisted in closure.
Commenting on LegaLogic’s role, Mr. Marc Weinmann, CEO, VEM Tooling, said
“Your company Legalogic was engaged from my company VEM India to support in a local M&A transaction with a Bombay Stock Exchange listed company. During our nearly 12 months of cooperation your team has been extremely knowledgeable and supportive and all team members were on board from day 1 to closing. I can highly recommend your company to especially foreign companies in India who are not fully familiar with local regulations. thank you again.”
Vaibhavi Vaidya, Hardick Joseph, and Minal Raut along with Vikas Agarwal represented VEM Tooling and worked on deal documentation and closing.
