Khaitan & Co advised and assisted IFB Agro Industries Ltd on the proposed acquisition of the entire commercial compound shrimp feed and freshwater fish feed business of Cargill India Pvt Ltd as a going concern on a slump sale basis, along with its manufacturing facilities located at Vijayawada and Rajahmundry in Andhra Pradesh, subject to the terms of the definitive agreements.
The Firm acted as the transaction counsel to IFB Agro Industries Ltd and our responsibilities were as follows:
(a) Drafting, negotiating, finalising and execution of the business transfer agreement, transition services agreement and intellectual property assignment agreement; and
(b) Assisting and advising on all execution related formalities.
The deal was assisted by:
Intellectual Property: Nirupam Lodha (Partner), Shivangi Narang (Principal Associate) and Rebecca Cardoso (Associate)
Real Estate: Sudheer Madamaiah (Partner), Kartik Shiv Kumar (Counsel) and Shambhavi Y Kashyap (Associate)
Direct Tax: Sneh Shah (Partner)
Indirect Tax: Mayank Jain (Partner) and Pranay Sahay (Principal Associate)
The core transaction team consisted of Kartick Maheshwari (Partner), Shourya Sengupta (Partner), Sruti Baid (Principal Associate) and Pavitra Khaitan (Associate).