• Industry
• 2 min read

SAM, Khaitan, Davis Polk & Wardwell act on FMC India’s USD 252 mn acquisition by Crystal Crop Protection

The transaction contemplates divestment of 100% stake of FMC India upfront along with preferred access to FMC India post sale to certain pipeline products of FMC India as per pre-agreed terms.

• ETLegalWorld

• Published On May 13, 2026 at 01:52 PM IST

Shardul Amarchand Mangaldas & Co. acted as legal counsel to Crystal Crop Protection in relation to its acquisition of 100 percent shareholding in FMC India from FMC and its group entities. Khaitan & Co. and Davis Polk & Wardwell LLP acted as Indian and U.S. legal counsel, respectively, to FMC Corporation on the divestment of its India crop protection commercial business to Crystal Crop Protection for a total consideration of USD 252 million.

The transaction contemplates divestment of 100% stake of FMC India upfront along with preferred access to FMC India post sale to certain pipeline products of FMC India as per pre-agreed terms.

Advt In July 2025, FMC announced its decision to divest its crop protection commercial business in India, allowing the company to adopt a new go-to-market strategy in the country while reallocating resources toward its highest-growth global opportunities.

The transaction is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions. FMC plans to use the entire proceeds from the sale to reduce its debt.

SAM’s transaction team was led by partners Puja Sondhi and Aayush Kapoor, supported by principal associate Sourav Nath, senior associates Prerna Saroha, Vaibhavi Shaunak, Pratim Majumder, and associate Rishika Arya.

The Direct Tax team comprised partners Gouri Puri, Rahul Yadav and principal associate Nimish Malpani. The Indirect Tax team comprised partner Rajat Bose, consultant Neeladri Chakrabarti and principal associate Vikram Singhal.

The IP team comprised partner Apoorva Murali and associate Anshika Chadha. The Competition Law team comprised partner Rohan Arora, senior associate Ritesh Puri, and associate Ojaswi Bhagat.

Khaitan’s core team consisted of partners Surbhi Kejriwal, Anshuman Mozumdar, Ayush Nanda, principal associate Dipshikha Dhar, senior associates Nikhil Singh and Ashutosh Mishra with assistance from the following:

Advt Competition and merger control law aspect: Partner Anshuman Sakle, senior associate Yatharth Vardhan Singh, and associates Sana Vaidya and Vrinda Bhardwaj. Partner Nirupam Lodha, principal associate Malika Nandkeolyar, senior associate Toshani Mukherjee, and associate Rebecca Cardoso handled intellectual property law aspects.

Legal due diligence on FMC India was handled by partners Surbhi Kejriwal, Supratim Chakraborty, Deepak Kumar, Siddharth Srivastava, Nirupam Lodha, Mudit Shah, counsel Henna Vadhera, principal associates Archika Dudhwewala, Shramana Dwibedi, Malika Nandkeolyar, senior associates Nikhil Singh, Toshani Mukherjee, Ravi Shankar, and associates Vidhi Damani, Rebecca Cardoso, Nidhi Kantibhai Marakana and Sanjitha Ravi.

Taxation law aspect was handled by partner Sneh Shah, executive director Vinita Krishnan and principal associate Bharat Jain.