Shardul Amarchand Mangaldas & Co. Advised NHPEA Summer Holding B.V. On Exit From Southern Health Foods Private Limited

Shardul Amarchand Mangaldas & Co. advised NHPEA Summer Holding B.V. on exit from Southern Health Foods Private Limited

The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to NHPEA Summer Holding B.V. (Morgan Stanley) in connection with its exit from Southern Health Foods Private Limited pursuant to the acquisition of 100% shareholding in the Company by Reliance Consumer Products Limited (RCPL).

Southern Health Foods Private Limited, operating under its flagship brand ‘Manna’, is a well-established player in the healthy foods segment with over two decades of brand presence. The acquisition marks an exit for all existing shareholders, including Morgan Stanley, and represents a strategic move by RCPL, the FMCG arm of Reliance Industries Limited, to strengthen its presence in the “better-for-you” foods segment, covering categories such as health mixes, breakfast cereals, millets, multigrain products, oats, and other healthy foods and staples.

The SAM transaction team was led by Nivedita Tiwari (Partner), with Tweisha Mishra (Senior Associate) and Anushka Ganguli (Associate). Tax advisory inputs were provided by Rajat Bose (Partner) and Neeladri Chakrabarti (Consultant).

Rand Merchant Bank acted as financial advisor to the transaction. PwC provided tax advisory services to Morgan Stanley and the Company, while Khaitan & Co. acted as legal counsel to Reliance Consumer Products Limited.

Click to know more about Shardul Amarchand Mangaldas & Co.

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.