Khaitan & Co advised Kandhari Global Beverages Pvt Ltd on the acquisition of Wave Beverages Pvt Ltd for a deal value of approx. INR 1,000 crores. Wave Beverages is the licensed bottler of Coca-Cola for certain territories in Punjab and Haryana.
The Firm role included assisting Kandhari Global Beverages Pvt Ltd on the structuring of the acquisition from regulatory and tax perspective, conducting legal due diligence on Wave Beverages Pvt Ltd, assisting with the drafting and negotiation of the transaction documents and the closing of the transaction.
The deal team consisted of Sarthak Sarin (Partner), Swati Garg (Principal Associate), Aritro Gon (Senior Associate) and Gopal Gour (Associate) with assistance from Shaily Gupta (Partner) and Himanshu Goel (Principal Associate) on tax aspects.