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.
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
