SNG & Partners Advised Patanjali Foods In Acquisition Of Non-Food Business Undertaking Of Patanjali Ayurved
SNG & Partners Advised Patanjali Foods In Acquisition Of Non-Food Business Undertaking Of Patanjali Ayurved
SNG & Partners has assisted Patanjali Foods Limited, a listed company, in its proposed acquisition of non-food business undertaking of Patanjali Ayurved Limited which includes dental care, skin care, home care, and hair care segments, through a slump sale arrangement on a going concern basis. The total deal value is INR 1100 Crores with payment to be made in tranches. The acquisition remains subject to approval from Competition Commission of India and other stakeholders.
Additionally, SNG & Partners also assisted Patanjali Foods Limited in entering into a licensing agreement, permitting it to use certain intellectual properties of Patanjali Ayurved Limited. The scope involved conducting due diligence and drafting and finalizing of a Business Transfer Agreement and a License Agreement.
Amit Aggarwal, Managing Partner (Corporate & Non-Contentious Practice), acted as the Engagement Partner. The transaction team consisted of Sharad Joshi, Partner, and Rachit Verma, Senior Associate.
