Cyril Amarchand Mangaldas (“CAM”) acted as the sole Indian legal advisor to The Coca-Cola Company (TCCC) and its group entities on the proposed sale of 40% stake in Hindustan Coca-Cola Holdings Private Limited (the parent entity of the largest Coca-Cola bottler in India, Hindustan Coca-Cola Beverages Private Limited) to the Jubilant Bhartia Group. CAM advised TCCC on the bid process, structuring, negotiation and drafting of the transaction documents in connection with the proposed sale.
The transaction was led by Akila Agrawal, Senior Partner; Mukul Sharma, Partner; with support from Shreya Teewari, Senior Associate; Anusha Rai, Senior Associate; and Rudraksh Durrani, Principal Associate and Yathansh Joshi, Associate, assisted with execution related deliverables. The diligence team comprised Navin Kumar, Partner; with support from Vidya Sunderam, Principal Associate; Udyan Arya Shrivastava, Senior Associate; Robin Rathore, Associate; Yashvi Agarwal, Associate and Abhinav Chahar, Associate. Pranav Sharma, Partner; Meeta Kurpad, Partner, and Aditi Bagri, Director, advised on Financing related matters in relation to the transaction. Vijay Pratap Singh Chauhan, Partner with support from Rajat Sharma, Senior Associate, advised on Competition Law related matters in relation to the transaction. Gokul Rajan, Partner, advised on Capital Markets related matters. SR Patnaik, Partner, with support from Reema Arya, Consultant, advised on the Taxation related matters. Swati Sharma, Partner & Head – Intellectual Property, with support from Rohin Koolwal, Principal Associate; and Andri Shukla, Senior Associate, advised on the Intellectual Property related aspects of the diligence. Abe Abraham, Partner, Sindhushri Badarinath, Partner with support from Luv Saggi, Principal Associate, Sonam Ambastha, Associate, and Mayank Jain, Associate advised on Employment law related matters. Ashish Jain, Partner, with support from Siddhant Sharma, Senior Associate and Shubham Mittal, Associate, advised on the Real Estate related aspects of the diligence.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
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