SNG & Partners acts on Patanjali internal acquisition

Patanjali Foods Limited has proposed to acquire the 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 ₹1,100 crore with payment to be made in tranches.

The acquisition remains subject to approval from Competition Commission of India and other stakeholders.

SNG & Partners has assisted Patanjali Foods on this transaction. The Firm also assisted Patanjali Foods Limited in entering into a licensing agreement, permitting it to use certain intellectual properties of Patanjali Ayurved. 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)] was the Engagement Partner. Sharad Joshi (Partner) and Rachit Verma (Senior Associate) were the transaction team members.

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