{"id":340944,"date":"2025-02-10T18:30:10","date_gmt":"2025-02-10T13:00:10","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=340944"},"modified":"2025-02-10T18:19:48","modified_gmt":"2025-02-10T12:49:48","slug":"cyril-amarchand-mangaldas-advises-itc-limited-on-the-acquisition-of-100-stake-in-meat-and-spice-private-limited-and-ample-food-private-limited","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/02\/10\/cyril-amarchand-mangaldas-advises-itc-limited-on-the-acquisition-of-100-stake-in-meat-and-spice-private-limited-and-ample-food-private-limited\/","title":{"rendered":"Cyril Amarchand Mangaldas advises ITC Limited on the acquisition of 100% stake in Meat and Spice Private Limited and Ample Food Private Limited"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">Cyril Amarchand Mangaldas (&#8220;<span style=\"font-weight: bold;\">CAM<\/span>&#8221;) advised ITC on the acquisition of 100% stake in Meat and Spice Private Limited (&#8220;MSPL&#8221;) and Ample Food Private Limited (&#8220;AFPL&#8221;) (and its wholly owned subsidiary, Chao Chao Foods Private Limited). The acquisition is proposed to be completed over a period of 3 years, by way of primary and secondary means. The first tranche of 43.8% stake shall be acquired upfront and balance stake will be acquired, in tranches, by June, 2028 subject to conditions as stated in the definitive agreements.<\/p>\n<p style=\"margin-bottom: 3%;\">The companies are engaged in the business of manufacturing and selling ready to cook snacks &amp; meals, sauces &amp; condiments, raw &amp; deli meat, local &amp; international marinades, momos, cheese and frozen foods &amp; snacks under the brand names &#8216;<span style=\"font-weight: bold; font-style: italic;\">Prasuma<\/span>&#8217; and &#8216;<span style=\"font-weight: bold; font-style: italic;\">Meatigo<\/span>&#8217;.<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction team was led by <span style=\"font-weight: bold;\">S. Harish<\/span>, Partner; with support from <span style=\"font-weight: bold;\">Megha Krishnamurthi<\/span>, Principal Associate; <span style=\"font-weight: bold;\">Nikita Singhi<\/span>, Senior Associate;<\/span> and <span style=\"font-weight: bold;\">Varnika Pasricha<\/span>, Associate.<\/p>\n<p style=\"margin-bottom: 3%;\">The due diligence was led by <span style=\"font-weight: bold;\">S. Harish<\/span>, Partner; with support from <span style=\"font-weight: bold;\">Megha Krishnamurthi<\/span>, Principal Associate; <span style=\"font-weight: bold;\">Nikita Singhi<\/span>, Senior Associate;<\/span> <span style=\"font-weight: bold;\">Achyutha G M<\/span>, Associate; <span style=\"font-weight: bold;\">Varnika Pasricha<\/span>, Associate; and <span style=\"font-weight: bold;\">Rahi Dhuvad<\/span>, Associate.<\/p>\n<p style=\"margin-bottom: 3%;\">The employment due diligence was led by <span style=\"font-weight: bold;\">Bishen Jeswant<\/span>, Partner; with support from <span style=\"font-weight: bold;\">Krithika Radhakrishnan<\/span>, Principal Associate; <span style=\"font-weight: bold;\">Rachita Shah<\/span>, Associate; <span style=\"font-weight: bold;\">Shivika Gupta<\/span>, Associate; and <span style=\"font-weight: bold;\">Keshab Choudhury<\/span>, Associate.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Ramgovind Kuruppath<\/span>, Partner; provided strategic inputs.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><i>Cyril Amarchand Mangaldas (\u201cCAM\u201d) advised ITC on the acquisition of 100% stake in Meat and Spice Private Limited<\/i><\/p>\n","protected":false},"author":8808,"featured_media":340953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[78503,68835,30960,47514,78508,78504,78507,78506,78505],"class_list":["post-340944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-ample-food-private-limited","tag-cam","tag-cyril-amarchand-mangaldas","tag-itc-limited","tag-local-international-marinades","tag-meat-and-spice","tag-raw-deli-meat","tag-sauces-condiments","tag-snacks-meals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO 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