SAM assists Tata group company in Soulfull acquisition

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Shardul Amarchand Mangaldas & Co assists Tata Consumer Products in Soulfull buy

Shardul Amarchand Mangaldas & Co (SAM) advised Tata Consumer Products in its recent ₹1.56 billion (US$21.3 million) acquisition of Kottaram Agro Foods from shareholders that included Aavishkaar Bharat Fund and Bennett Coleman and Company. Trilegal advised Kottaram Agro Foods, which owns the Soulfull brand of health and wellness food.

The deal was announced on 2 February and is expected to close in the fourth quarter of the 2021 financial year.

SAM’s team comprised partners Abhishek Guha, Mukul Baveja, and Kirti Mahapatra, principal associates Tanya Uppal and Shashank Prabhakar, senior associates Keegan Pavrey and Ekta Chandan, and associates Vyoma Mehta, Purva Phadke and Amrita Ghosh.

Trilegal’s team comprised partner Kosturi Ghosh, counsel Ipsita Chowdhury, senior associate Advait Nair, and associates Vadiraja PS and Joseph Thodukayil.

Tata Consumer Products, which is a listed member of the Tata Group, said the acquisition would allow it “to expand its product portfolio into the fast growing ‘on the table’ and ‘on the go’ categories and to participate in newer consumption occasions”.