WILMAR INTERNATIONAL LTD'S. ACQUISITION OF A MAJORITY STAKE IN SHREE RENUKA SUGARS
By : Legal Era
Update: 2018-07-19 13:56 GMT
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Trilegal advised Wilmar International Ltd. and Wilmar Sugars Pte Ltd. on acquisition of a majority stake in Shree Renuka Sugars – India’s largest sugar producer and refiner – through a combination of a primary investment and an open offer to public shareholders.Trilegal acted as counsel to Wilmar on all aspects of the deal. This is India’s largest Agri-Resources deal, and was...
Trilegal advised Wilmar International Ltd. and Wilmar Sugars Pte Ltd. on acquisition of a majority stake in Shree Renuka Sugars – India’s largest sugar producer and refiner – through a combination of a primary investment and an open offer to public shareholders.
Trilegal acted as counsel to Wilmar on all aspects of the deal.
This is India’s largest Agri-Resources deal, and was implemented in conjunction with a complex restructuring of the company’s debt. As part of the restructuring, lenders acquired a 33% stake in the company.
Trilegal’s team was led by corporate partner Harsh Pais, along with Partners Kunaal Shah and Upasana Rao; Senior Associates Sanjam Arora and Anirudh Kapoor; Associates Pooja Menon and Pratha Agarwal. Competition Partners Nisha Kaur Uberoi and Soumya Hariharan lead the representation for CCI approval.
Shree Renuka Sugars and its lenders were represented by Khaitan & Co., Crawford Bailey and Cyril Amarchand Mangaldas & Co.