Sellers in sale of four industrial salt companies to DCM Shriram.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Nov 03, 2025

Sellers in sale of four industrial salt companies to DCM Shriram.

AZB & Partners acted for the sellers (Mr. Dinesh Manek, Mr. Ajay Dhumal and certain members of their families) in sale of four industrial salt companies to DCM Shriram for INR 175 Crores for which the transaction documents were executed on October 28, 2025. Once the transaction is completed, the acquisition will mark an important step towards strengthening the raw material supply chain for DCM Shriram’s chemicals business.

Our deal team comprised our Partner Qais Jamal, Senior Associate Kinjal Bhatt, Associate Sanyam Jha, Senior Associate Yash Chhadva and Parth Goyal, with support from Partner Ruchit Parikh and Senior Associate Praharsh Vyas. Special thanks to our Co-Founder & Senior Partner Bahram Vakil for his guidance.

AUTHORS & CONTRIBUTORS

Partner:

Qais Jamal

Ruchit Parikh

Bahram N. Vakil
Associates:

Kinjal Bhatt

Sanyam Jha

Yash Chhadva

Parth Goyal

Praharsh Vyas

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.