Cyril Amarchand Advised HUL On Demerger Of It’s Ice-Cream Business Into Kwality Walls
Cyril Amarchand Advised HUL on Demerger Of It’s Ice-Cream Business Into Kwality Walls
Cyril Amarchand Mangaldas advised Hindustan Unilever Limited (HUL) as its sole legal advisor on the demerger of its Ice-Cream Business into Kwality Wall’s (India) Limited (KWIL), a wholly owned subsidiary of HUL, by way of a scheme of arrangement between HUL and KWIL and their respective shareholders (Scheme).
The board of HUL and KWIL has on January 22, 2025 approved the Scheme for the demerger. The Scheme is subject to requisite approvals including from the stock exchanges, shareholders/ creditors, National Company Law Tribunal, Mumbai Bench. Upon the effectiveness of the Scheme, the shares of KWIL would be listed on the stock exchanges. Cyril Shroff, Managing Partner provided strategic inputs on the transaction.
The transaction was led by Ramgovind Kuruppath, Archit Bhatnagar, with assistance from Nayana Dasgupta, Pooja Jasani, and Amar Singh. The Competition team was led by Dhruv R. With support from Aaditya Ranbir Sahgal. The Employment team was led by Bishen Jeswant with support from Akash Mishra, Rachita Shah, and Jerrin B Mathew.
Source: Cyril Amarchand Managaldas’ LinkedIn Page
Cyril Amarchand Acts As Legal Counsel To Nazara Tech In Rs. 855 Cr Preferential Allotment Of Shares
Cyril Amarchand Mangaldas acted as the legal counsel to Nazara Technologies Limited in its INR 855 crore Preferential Allotment of 89,59,728 fully paid-up equity shares to certain identified investors (i.e. SBI Innovative Opportunities Fund (Scheme of SBI Mutual Fund), Junomoneta, Finsol Private Limited, Think India Opportunities Master Fund LP, Discovery Global Opportunity Mauritius Limited, Siddhartha Sacheti, Mithun Sacheti, Cohesion MK Best Ideas Sub-Trust, Chartered Finance and Leasing Limited, Ratnabali Investment Private Limited, Meenakshi Mercantiles Limited and Aamara Capital Private Limited).
Transaction Team included Partner Archit Bhatnagar, Senior Associate Nikita Singhi and Associate Sanskruti Kulkarni.
Source: Cyril Amarchand’s LinkedIn Page
