Skip to main content

Vaish Associates has advised India’s Patanjali Ayurved on its purchase of debt-laden edible oil firm Ruchi Soya in a bid worth $630 million, with L&L Partners counselling the committee of creditors (CoC) and Cyril Amarchand Mangaldas representing the resolution professional.

Ruchi Soya’s brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold. It is part of the second list of 28 defaulters the Reserve Bank of India flagged for resolution. The approval of the CoC has been received after protracted litigations and more than 16 months since the initiation of the process.

The L&L Partners team was led by senior partner Vijay Sondhi, partner Bikash Jhawar and partner-designate Nakul Sachdeva.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

CAM, Trilegal, Khaitan, IndusLaw act on HUL’s $350 mln Minimalist deal

by Nimitt Dixit |

In the first big M&A deal in India this year, leading firm Cyril Amarchand Mangaldas has guided FMCG major Hindustan Unilever (HUL) on its acquisition of 90.5 percent stake in Jaipur-based skincare startup Minimalist for close to $350 million (29.5 billion rupees).

Deals

7 international, Indian firms act on Kedaara Capital’s $350 mln U.S. bet

by Nimitt Dixit |

Akin Gump Strauss Hauer & Feld, Quillon Partners, and Kelley Drye & Warren have advised Indian private equity firm Kedaara Capital on its maiden bet in the data analytics and AI solutions market, committing $350 million strategic investment to San Jose, California-based Impetus Technologies.

Deals

SAM, Latham guide Hexaware’s upcoming $1.2 bln India IPO

by Nimitt Dixit |

Indian law firm Shardul Amarchand Mangaldas & Co has been mandated to assist Hexaware Technologies, an AI-focused tech company backed by Carlyle Group, on its upcoming initial public offering (IPO) in India, which is expected to raise $1.2 billion.