Cyril Amarchand Managaldas Advised ITC On Acquisition Of MSPL & AFPL
Cyril Amarchand Managaldas Advised ITC On Acquisition Of MSPL & AFPL
Cyril Amarchand Mangaldas advised ITC Limited on the acquisition of 100% stake in Meat & Spice Pvt. Ltd. (“MSPL”) and Ample Food Private Limited (“AFPL”) (and its wholly owned subsidiary, Chao Chao Foods Private Limited). The acquisition is proposed to be completed over a period of 3 years, by way of primary and secondary means. The first tranche of 43.8% stake shall be acquired upfront and balance stake will be acquired, in tranches, by June, 2028 subject to conditions as stated in the definitive agreements.
