Khaitan assists with Dairy JV

Khaitan advised Britannia Industries

Khaitan & Co advised Britannia Industries on its joint venture agreement with French cheese maker Bel. As part of the deal, Bel will acquire a 49% stake in Britannia Dairy Private Limited (BDPL).

The core team representing Khaitan & Co included senior partner Haigreve Khaitan, partner Vineet Shingal, principal associate Rohan Shrivastava, senior associate Pritali Patil and associates Virali Nagda, Bimbita Kateel and Vivek Badkur.

The firm advised Britannia Industries on: drafting, reviewing and finalising the JV agreement, the share purchase agreement, the share subscription agreement, the shared services agreement, the distribution agreement, the transfer pricing agreement, and the asset purchase agreement.

The JV company, BDPL, will undertake development, manufacturing, marketing, distribution, trading and selling, among other services, of cheese products in India and other countries.