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Announced

13 Mar 2023

Completed

8 Jun 2023

GAIL completed the acquisition of JBF Petrochemical.

Synopsis

GAIL, a natural gas conglomerate in India, completed the acquisition of JBF Petrochemical, a manufacturer of chemical products. Financial terms were not disclosed. Acquisition of the company under CIRP process initiated under Insolvency & Bankruptcy Code, 2016

Principals

target

Jbf Petrochemical

bidder

GAIL

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Market Context

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Seller Team (2)

krishnaiah kakani

General Manager at JBF PETROCHEMICAL

Manager

target

Deal

n/a

Total Value

alke pai

CEO at JBF PETROCHEMICAL

Manager

target

Deal

n/a

Total Value

Bidder Team (3)

shri gupta

Chairman and Managing Director at GAIL

Manager

bidder

Deal

n/a

Total Value

shri jain

Finance Director at GAIL

Manager

bidder

Deal

n/a

Total Value

samir sheth

Partner at BDO

Financial Advisor

bidder

Deals

£ 847 M

Total Value

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