Desai Diwanji, Veritas act on Lactalis acquisition of Prabhat Dairy's milk business

Bar & Bench January 22 2019

Tirumala Milk Products, a wholly owned subsidiary of French dairy group Lactalis, has acquired a 100% stake in the dairy business of Prabhat Dairy Limited and the entire shareholding of its subsidiary, Sunfresh Agro Industries Private Limited, for approximately Rs 1,700 crore.

Desai & Diwanji acted for Lactalis Group, through a team led by Partners Rachna Jain and Aneesh Gupte. Also part of the team were Senior Associates Megha Sharma and Shireen Langrana, and Associates Sweta Rao and . . .

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