SNG & Partners Assists Patanjali Foods

SNG & Partners has assisted Patanjali Foods Limited, a listed company, in its proposed acquisition of non-food business undertaking of Patanjali Ayurved Limited.

The total deal value is INR 1100 Crores with payment to be made in tranches. The acquisition remains subject to approval from Competition Commission of India and other stakeholders.

Additionally, SNG & Partners also assisted Patanjali Foods Limited in entering into a licensing agreement, permitting it to use certain intellectual properties of Patanjali Ayurved Limited.The scope involved conducting due diligence and drafting and finalising of a Business Transfer Agreement and a License Agreement.

Mr. Amit Aggarwal [Managing Partner (Corporate & Non-Contentious Practice)] acted as the Engagement Partner The transaction team consisted of Mr. Sharad Joshi (Partner) and Mr. Rachit Verma (Senior Associate).