{"id":381318,"date":"2026-04-17T12:30:09","date_gmt":"2026-04-17T07:00:09","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=381318"},"modified":"2026-04-17T12:41:30","modified_gmt":"2026-04-17T07:11:30","slug":"lakshmikumaran-sloan-essel-bath-fittings-deal-2026","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/04\/17\/lakshmikumaran-sloan-essel-bath-fittings-deal-2026\/","title":{"rendered":"Lakshmikumaran &amp; Sridharan Attorneys advised Sloan on its strategic investment in Essel Bath Fittings"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">New Delhi, 15<span style=\"vertical-align: super;\">th<\/span> April 2026<\/span>: <span style=\"font-weight: bold;\">Lakshmikumaran &amp; Sridharan Attorneys (LKS)<\/span> acted as legal counsel to <span style=\"font-weight: bold;\">Sloan Global Holdings LLC<\/span> and its Indian subsidiary <span style=\"font-weight: bold;\">Sloan India Private Limited<\/span>, in connection with its strategic acquisition of a controlling stake in <span style=\"font-weight: bold;\">Essel Bath Fittings Private Limited<\/span>.<\/p>\n<p style=\"margin-bottom: 3%;\">LKS&#8217;s role included advising Sloan on the transaction structure, cross-border regulatory aspects, GST and direct tax implications, as well as drafting, negotiation and finalisation of the transaction documents. The transaction involved the acquisition of majority shareholding in Essel Bath Fittings Private Limited.<\/p>\n<p style=\"margin-bottom: 3%;\">This inorganic acquisition marks a significant leap in Sloan&#8217;s expansion into the B2C market in the Indian subcontinent. The move is aimed at strengthening Sloan&#8217;s footprint in India&#8217;s fast-growing premium and mid-segment bath fittings space, by leveraging Essel&#8217;s domestic manufacturing capabilities and distribution network to tap into rising demand driven by urbanisation and housing growth.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">LKS Transaction Team<\/span> &#8212; <a href=\"https:\/\/www.lkslaw.com\/people\/kunal-arora\" target=\"_blank\">Kunal Arora<\/a> (Partner), <a href=\"https:\/\/www.lkslaw.com\/people\/anupam-misra\" target=\"_blank\">Anupam Misra<\/a> (Associate Partner), Mitushi Garg (Principal Associate), Jeevesh Jain (Associate) and Satwik Mohapatra (Associate)<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">LKS Direct Tax Team<\/span> &#8212; <a href=\"https:\/\/www.lkslaw.com\/people\/karanjot-singh\" target=\"_blank\">Karanjot Singh<\/a> (Partner), <a href=\"https:\/\/www.lkslaw.com\/people\/harshit-khurana\" target=\"_blank\">Harshit Khurana<\/a> (Associate Partner) and Rishabh Bhatia (Senior Associate)<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">LKS GST Team<\/span> &#8212; <a href=\"https:\/\/www.lkslaw.com\/people\/shivam-mehta\" target=\"_blank\">Shivam Mehta<\/a> (Executive Partner), <a href=\"https:\/\/www.lkslaw.com\/people\/shweta-walecha\" target=\"_blank\">Shweta Walecha<\/a> (Executive Partner), Divya Bhardwaj (Principal Associate) and Anmol Aggarwal (Senior Associate)<\/p>\n<p style=\"margin-bottom: 3%; font-style: italic;\"><span style=\"font-weight: bold;\">Legal Advisors for Essel and its promoters<\/span> &#8212; KkL Partners.&nbsp; The team comprised of Founding Partner Aashish Vats and Associate Mansi Malik<\/p>\n<p style=\"margin-bottom: 3%; font-weight: bold;\">Deal Value<span style=\"font-style: italic;\">: Confidential<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">Lakshmikumaran &amp; Sridharan Attorneys advised Sloan Global Holdings LLC on acquiring a controlling stake in Essel Bath Fittings Private Limited.<\/p>\n","protected":false},"author":67011,"featured_media":381327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8681,2],"tags":[102494,102495,102491,102493,102492,102496],"class_list":["post-381318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-book-releases","category-news","tag-bath-fittings-sector-ma-india-sloan-essel-deal","tag-cross-border-acquisition-india-plumbing-sector-2026","tag-lakshmikumaran-sloan-essel-bath-fittings-deal-2026","tag-lks-advises-sloan-india-acquisition-transaction-2026","tag-sloan-acquisition-essel-bath-fittings-india-stake-buyout","tag-sloan-india-expansion-essel-bath-fittings-acquisition"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LKS Advises Sloan on Essel Bath Fittings Acquisition<\/title>\n<meta name=\"description\" content=\"Lakshmikumaran &amp; 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Sridharan Attorneys advises BlueScope Steel on Cross-Border Sale of Indian JV Stake to Tata Steel","author":"Editor","date":"January 8, 2026","format":false,"excerpt":"Lakshmikumaran & Sridharan Attorneys advised BlueScope Steel Limited on the cross-border sale of its Indian joint venture stake to Tata Steel Limited in a transaction valued at approximately INR 1,100 crore.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"BlueScope Steel Tata Steel cross-border sale","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/BlueScope-Steel-Tata-Steel-cross-border-sale.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/BlueScope-Steel-Tata-Steel-cross-border-sale.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/BlueScope-Steel-Tata-Steel-cross-border-sale.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/BlueScope-Steel-Tata-Steel-cross-border-sale.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":369296,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/09\/lakshmikumaran-sridharan-sai-parenterals-noumed-acquisition-2025\/","url_meta":{"origin":381318,"position":3},"title":"Lakshmikumaran &#038; Sridharan advises Sai Parenteral&#8217;s Limited and its Singapore subsidiary in the cross-border acquisition of Noumed Pharmaceuticals Pty Ltd","author":"Editor","date":"December 9, 2025","format":false,"excerpt":"Lakshmikumaran & Sridharan advised Sai Parenteral\u2019s Limited and its Singapore arm on the cross-border acquisition of 74.6% stake in Noumed Pharmaceuticals Pty Ltd, Australia.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Lakshmikumaran & Sridharan Sai Parenterals Noumed acquisition","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Lakshmikumaran-Sridharan-Sai-Parenterals-Noumed-acquisition.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Lakshmikumaran-Sridharan-Sai-Parenterals-Noumed-acquisition.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Lakshmikumaran-Sridharan-Sai-Parenterals-Noumed-acquisition.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Lakshmikumaran-Sridharan-Sai-Parenterals-Noumed-acquisition.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":281422,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/11\/lakshmikumaran-and-sridharan-advises-on-the-acquisition-of-350-acre-land-by-m3m-india-from-ambience-group\/","url_meta":{"origin":381318,"position":4},"title":"Lakshmikumaran and Sridharan advises on the acquisition of 350-acre land by M3M India from Ambience Group","author":"Bhumika Indulia","date":"January 11, 2023","format":false,"excerpt":"New Delhi, January 10, 2023: Lakshmikumaran and Sridharan acted as the legal counsel for Ambience Group and advised on all aspects related to the transaction. 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