Hain sells Tilda to Ebro
J Sagar Associates (JSA) advised and assisted on the Indian leg of the global sale of the Tilda rice business by the Hain Celestial Group to Ebro Foods.
JSA advised the Hain Group and the Indian leg involved sale of the entire shareholding of the Indian subsidiary.
The Indian leg of the transaction involved the sale of the entire shareholding held by The Hain Celestial Group, Inc. and Hain Frozen Foods UK Limited in THIPL to Ebro. The total deal value of the global transaction is ₹24 billion (US$342 million).
The JSA team included partners Sidharrth Shankar and Prakriti Jaiswal and associates Srishti Moitra and Aman Bhatia. DLA Piper was the overseas counsel for the Hain Group.
Xander buys office park
Real estate private equity firm Xander Investments, through its Singapore affiliates, acquired the Weikfield IT Citi Info Park in Pune from private equity firm New Vernon Capital for ₹9 billion.
AZB & Partners advised Xander Investments and the firm was represented by partners Hardeep Sachdeva and Priyamvada Shenoy, and senior associate Shivang Sargoch.
The office park is located in the Viman Nagar area, spans more than 1 million square feet, and houses well-known companies such as Maersk and WNS.
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