Lakshmikumaran & Sridharan Advises Brenntag Group on Sale of Raj Petro Specialities to Shell Group

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Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel to Brenntag Group on the sale of 100% of Raj Petro Specialities Pvt. Ltd. to Shell Group

Their role included end-to-end transactional support comprising: legal due diligence, drafting and negotiating transaction documentation, execution assistance, and deal closing coordination.

Also read: HDB Financial Services Files ₹125 Billion IPO — S&R Associates Advises Bookrunners

The LKS deal team was led by:

  • Srabonee Roy, Partner (M&A & Corporate)

  • Hima Swetha, Associate

  • Annanya Elhence, Associate

Additionally supported by the Competition & Antitrust team:

  • Neelambera Sandeepan, Partner

  • Charms Matthew, Associate 

On the other side, Dua Associates advised Shell Group, led by Sunil Malik (Senior Advisor), with partners Prateek Bedi and Nityashjit Kaur, and guided through competition approval  .

Al Tamimi & Co also provided advisory support on UAE aspects.

Deal Overview

Feature

Details

Seller (Advisor)

Brenntag Group (Counsel: LKS)

Buyer

Shell Group (Counsel: Dua Associates)

Target

Raj Petro Specialities Pvt. Ltd.

Transaction Type

Sale of 100% equity

Sector

Petrochemicals / Lubricants

Deal Value

Not disclosed

Stake Transferred

100%

Status

Completed

Regulatory Approvals

Competition Commission of India (CCI) approval secured

 

Strategic Significance

The acquisition of Raj Petro — a specialty petrochemical manufacturer with facilities in Chennai and Silvassa and operations across ~100 countries — significantly bolsters Shell Lubricants’ product portfolio and manufacturing footprint in India. For Brenntag, divesting these assets enables a strategic realignment of its global operations to focus on core distribution businesses.

Why It Matters

This deal reflects key trends shaping the Indian petrochemicals and lubricants market:

  • Consolidation & Vertical Integration: Syndicating specialized manufacturing (e.g., white oils, transformer oils, petroleum jellies) aligns with global majors prioritizing direct control over production.

  • Competitive Advantage: Shell’s move strengthens domestic capacity while targeting sectors like power, pharma, personal care, and automotive with tailored solutions.

  • Regulatory Landscape: Smooth CCI approval highlights ongoing regulatory facilitation for M&A in strategic industries.

  • Counsel Expertise: LKS’s extensive multi-team involvement (M&A, Competition, Antitrust) underscores law firms’ critical role in managing cross-jurisdictional and multi-disciplinary elements of such transactions.

For legal and business professionals, this transaction exemplifies robust cross-border M&A advisory execution and reinforced investor confidence in India’s specialty chemicals space.

Read more: Torrent Pharma Acquires JB Pharma Stake from KKR — AZB Advises Board

For more legal deal updates and analysis, stay tuned to TheCourtroom.in

Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.

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