Indian law firm Shardul Amarchand Mangaldas & Co. and international law firm Herbert Smith Freehills have advised Jubilant Bhartia Group on its agreement with The Coca-Cola Company to acquire a 40 percent stake in Hindustan Coca-Cola for over $1 billion. Coca-Cola was represented by Cyril Amarchand Mangaldas. 

Hindustan Coca-Cola Holdings is the parent company of Hindustan Coca‑Cola Beverages, the largest Coca‑Cola bottler in India and the 11th largest globally. Jubilant Bhartia Group is an Indian conglomerate with a global presence and interests in multiple industries, including pharmaceuticals, food services, agribusiness and energy.

The SAM team was led by partner Manish Gupta and included partner Nikita Goyal, principal associate Rashi Singh, and associate Ayush Singh. The supporting team included partner Ashish Ahluwalia, senior associates Deepti Verma and Vivek Shekhar Tiwari, and associates Shivangi K., Ananya Vajpeyi and Adarsh Mishra.

Partners Shilpa Mankar Ahluwalia and Anjana Potti also assisted on the deal. 

The Herbert Smith Freehills team was led by corporate partner Siddhartha Shukla, with support from senior associates Raj Mathew and Marcelo Valenca.  

The CAM team was led by senior partner Akila Agrawal and partner Mukul Sharma, and included principal associate Rudraksh Durrani, senior associate Shreya Teewari and Anusha Rai, and associate Yathansh Joshi. 

CAM partners Navin Kumar, Pranav Sharma, Meeta Kurpad, Vijay Pratap Singh Chauhan, Gokul Rajan, SR Patnaik, Swati Sharma, Abe Abraham, Sindhushri Badarinath and Ashish Jain also assisted on various aspects of the deal.