Trilegal acted as a legal advisor to Lucro Plastecycle Private Limited in the proposed acquisition of a 14.3% stake by Hindustan Unilever Limited (HUL).
The law firm also represented the company’s existing shareholders, including the promoter group and existing investors (Circulate Capital).
Lucro is a waste management, recycling, and product manufacturing company, working to create a circular plastics economy that fits in line with the government’s vision of a zero-plastic waste future.
The proposed investment is part of its sustainability goals and to scale up the use of recycled content in packaging.
The Trilegal Corporate Team advising on the mandate was led by Gautam Singh, Partner; and supported by Mitali Halbe, Counsel; Stephen Thomas, Annanya Bajpai, Khushboo Agrawal, and Aayush Jain, Associates.
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