Khaitan & Co Provides Legal Support to Reliance Consumer Products in Major Stake Acquisition of Udhaiyam

Khaitan & Co, a leading law firm, played a pivotal role in advising Reliance Consumer Products on the acquisition of a significant stake in Udhaiyam. This strategic move aims to bolster Reliance's presence in the agro-fresh and dhall business segments.

The transaction was led by Vinit Shukla and Prabhu Ram Nagarajan from Reliance Consumer Products. Khaitan & Co provided comprehensive legal support, covering various aspects of the deal. The firm conducted thorough legal and title due diligence on the sister entities involved, including Shri Lakshmi Agro Foods Private Limited, T.M. Karuppaiah Nadar & Sons, Shri Lakshmi Agro Foods, and Udhaiyam Agro Fresh. They also facilitated the internal restructuring required to carve out the dhall business, a crucial step in the acquisition process.

The core team at Khaitan & Co was headed by Purti Minawala (Partner), Ayush Nanda (Counsel), Dnyaneshwari Chincholikar (Senior Associate), Priya Maharishi (Associate), and Prerna N Hegde (Associate). Their expertise was instrumental in drafting, negotiating, and finalizing the transaction documents, as well as assisting with the closing and post-closing formalities.

To ensure a holistic approach, Khaitan & Co leveraged the expertise of various department heads and associates:

Employment aspects were handled by Deepak Kumar (Partner) and Archika Dudhwewala (Principal Associate). They ensured that all employment-related legalities were addressed, providing a smooth transition for employees.

Intellectual property (IP) aspects were managed by Shailendra Bhandare (Partner), Shouraseni Chakraborty (Associate), and Vaishali Adhikari (Associate). They ensured that all IP rights and assets were properly assessed and protected.

Litigation aspects were overseen by Mihika Jalan (Counsel) and Surya Ravikumar (Associate). They conducted a thorough review of any ongoing or potential litigation, ensuring that Reliance Consumer Products was well-informed and protected.

Real estate aspects were managed by Amit Wadhwani (Partner), Harsh Parikh (Partner), Kartik Shiv Kumar (Counsel), Vaishnavi Subrahmanyam (Principal Associate), Darsha Prakash (Associate), and Nandita Mathihalli (Consultant). They conducted detailed real estate due diligence and ensured compliance with all relevant regulations.

This acquisition is a significant step for Reliance Consumer Products, as it seeks to expand its footprint in the agro-fresh and dhall sectors. Khaitan & Co's comprehensive legal support has been crucial in ensuring the smooth execution of this strategic move.