Shardul Amarchand Mangaldas advises Tata Global Beverages Limited in acquiring the tea business of Dhunseri Tea and Industries Limited
August 5, 2019
Shardul Amarchand Mangaldas & Co (SAM & Co) has advised Tata Global Beverages Limited(TGBL) in acquiring the tea business of Dhunseri Tea and Industries Limited(DTIL) which includes the brands “Lalghoda” and “Kalaghoda” along with its entire distribution and marketing business.
The M&A practice group at SAM & Co acted as legal counsel to TGBL and were involved in conducting a legal due diligence on DTIL; structuring the proposed transaction and drafting, reviewing and negotiating the transaction documents.
The transaction teams from SAM & Co included Mr. Raghubir Menon, Partner; Mr. Abhishek Guha, Partner; Mr. Ankit Kejriwal, Principal Associate; and Mr. Keegan Pavrey, Associate and Ms. Purva Phadke, Associate.
Mr. Mukul Baveja, Partner advised on intellectual property rights and Ms. Gauri Chhabra, Partner advised on the anti-trust aspects of the transaction. Mr. Rajat Bose, Partner and Ms. Ankita Bhasin, Principal Associate advised on indirect tax aspects of the transaction.
Other parties involved are Khaitan and Co. as legal advisers to DTIL, PWC as tax advisors to TGBL and ICICI Securities as investment advisors to the transaction.
The value of the deal is approximately INR 101,01,00,000.
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