Japanese paper and pulp giant Nippon Paper has acquired 100% stake in India’s largest maker of paper beverage cups, Plus Paper Foodpac, a company promoted by BK Modi Group for approximately Rs. 100 crore, reported ET..DealNippon Paper acquires 100% stake in Plus Paper FoodpacValueRs. 100 crore (approx)Deal TypePESectorPaper manufacturingLaw FirmsIndian Law Partners, Mori Hamada & Matsumoto – Nippon Paper Industries; PDS Legal– Plus PaperPartners/HeadsIndian Law Partners – Gopika Pant and Kanika Premnarayen; Mori Hamada & Matsumoto- Yohei Koyama; PDS Legal – Monika Deshmukh.Indian Law Partners through a team led by Partners Gopika Pant and Kanika Premnarayen along with Counsel Vineet Gupta and Associate Abhimanyu Kaul acted as Indian legal counsel for Nippon while Japanese law firm, Mori Hamada & Matsumoto through a team led by Partners Yohei Koyama acted as Japanese legal advisors. PDS Legal advised Plus Paper Foodpac and the team was led by Legal Executive Director Monika Deshmukh along with Senior Associate Shailesh Ayachit, Associates Sakshi Kalra and Akhil Shri Shri Mal.With an estimated 50% rise in India’s fast-food market by the year 2020, Nippon Paper expects demand for paper cups by India’s restaurants to grow along with an expanding middle class. Plus Paper operates two factories in India.
Japanese paper and pulp giant Nippon Paper has acquired 100% stake in India’s largest maker of paper beverage cups, Plus Paper Foodpac, a company promoted by BK Modi Group for approximately Rs. 100 crore, reported ET..DealNippon Paper acquires 100% stake in Plus Paper FoodpacValueRs. 100 crore (approx)Deal TypePESectorPaper manufacturingLaw FirmsIndian Law Partners, Mori Hamada & Matsumoto – Nippon Paper Industries; PDS Legal– Plus PaperPartners/HeadsIndian Law Partners – Gopika Pant and Kanika Premnarayen; Mori Hamada & Matsumoto- Yohei Koyama; PDS Legal – Monika Deshmukh.Indian Law Partners through a team led by Partners Gopika Pant and Kanika Premnarayen along with Counsel Vineet Gupta and Associate Abhimanyu Kaul acted as Indian legal counsel for Nippon while Japanese law firm, Mori Hamada & Matsumoto through a team led by Partners Yohei Koyama acted as Japanese legal advisors. PDS Legal advised Plus Paper Foodpac and the team was led by Legal Executive Director Monika Deshmukh along with Senior Associate Shailesh Ayachit, Associates Sakshi Kalra and Akhil Shri Shri Mal.With an estimated 50% rise in India’s fast-food market by the year 2020, Nippon Paper expects demand for paper cups by India’s restaurants to grow along with an expanding middle class. Plus Paper operates two factories in India.