Sahyadri Farmers Producer Company Limited and Sahyadri Group advised by DSK Legal in relation to foreign investments
Sahyadri Farmers Producer Company Limited and Sahyadri Group advised by DSK Legal in relation to foreign investments
DSK Legal advised and assisted Sahyadri Farmers Producer Company Limited and its group companies ("Sahyadri Group") in relation to foreign investments raised in Sahyadri Farms Post Harvest Care Limited ("SFPHCL"), the subsidiary of Sahyadri Farmer Producer Company Limited ("SFPCL").
SFPHCL has raised ₹310 crore (almost € 40 million) growth capital from a group of impact-focused investors namely, Incofin, Korys, FMO and Proparco.
SFPCL is a producer company incorporated under Part IXA of the erstwhile Companies Act,1956 and is recognized as India's leading agro-producing company.
This is the first of its kind international equity investment in a farmer-led organisation in India. Sahyadri would be using this capital to expand its fruit and vegetable processing capacity and set up a packhouse and biomass plant to generate electricity from Agri and food waste.
According to Vilas Shinde, founding farmer and managing director of Sahyadri Farms, the company intends to make farmers think like entrepreneurs and build a sustainable, scalable and profitable organisation and also make farming profitable and viable activity for each small and marginal farmer.
DSK Legal assisted in conducting vendor's due diligence of the following companies of the Sahyadri Group and assisted in identifying key legal issues before the investment transaction:
• Sahyadri Farmers Producer Company Limited
• Sahyadri Farms Post Harvest Care Limited;
• Sahyadri Farms Supply Chain Limited; and
• Sahyadri Agro Retail Limited
The DSK Legal team comprised of Mr. Niraj Kumar (Partner), Ms. Prachi Gupta (Principal Associate), Ms. Khushboo Khatreja (Of Counsel), Mr. Satendra Rai (Principal Associate), Mr. Shubham Khandelwal (Senior Associate), Mr. Diwankar Sethi (Associate), Ms. Pavneeka Parashar (Associate) and Ms. Rashi Tolani (Trainee).
Alpen Capital acted as the exclusive strategic advisor to Sahyadri Farms for this transaction.
