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Deal: Sale of polyesters business of Shubhalakshmi Polyesters and Shubhlaxmi Polytex to Reliance Polyester

14 Mar 2023

Trilegal advised Shubhalakshmi Polyesters Limited and Shubhlaxmi Polytex Limited in the sale of polyester business to Reliance Polyester Limited (a wholly owned subsidiary of Reliance Industries Limited). Trilegal advised on all aspects of the transaction including drafting/ review and finalisation of the transaction documents, negotiations, drafting/ review of the closing documents and advising on the closing process.

Shubhalakshmi Polyesters Limited manufactures textile products. It offers twisting, fancy, air tex, poy, texturing, fully drawn, and specialty yarns, as well as chips and polyester staple fibers.

The deal was led by our Corporate Partners Nishant Parikh, and Kunal Chandra along with Counsel, Romit Dey and Senior Consultant, Monik Damania.

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 |


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