Shardul Amarchand Mangaldas advised Raymond Consumer Care Limited on the transfer of it's FMCG business undertaking (which includes well-known trademarks such as Park Avenue, K.S., Kamasutra and Premium) to Godrej Consumer Products Limited, on a slump sale basis. The date of signing the deal was 27 April 2023 and the deal was valued at INR 2,825 crores.
The transaction team was led by Akshay Chudasama, Managing Partner; Anuj Bhasme, Partner; Avichal Mathur, Principal Associate; Rishikesh Desai, Senior Associate; Jessica Bagchi, Associate; Apeksha Narula, Associate and Aakash Rao, Associate.
The competition team was led by Aparna Mehra, Partner; Gauri Chhabra, Partner; Ritika Sood, Senior Associate; Gargi Yadav, Consultant; Kshitij Sharma, Associate and Ujwala Kishore Adikey, Associate.
The litigation team was led by Lalan Gupta, Partner; Atika Vaz, Principal Associate and Rohit Iyengar, Associate.
Khaitan & Co. LLP and EY advised Godrej Consumer Products Limited on the legal aspects
About Shardul Amarchand Mangaldas & Co.:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India's leading full-service law firms. The Firm's mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, SAM has around 750 lawyers including 158 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
