Advised Bikaji Foods and promoters on equity stake sale to Lighthouse Funds for INR900 million (approx. US$15 million)

Bikaji Foods International Limited (Bikaji Foods), a prominent Indian food and snack brand, and its promoters, the Agarwal family, undertook the sale of a 12.5% equity stake to Lighthouse Funds through a fresh issue of shares worth INR900 million (approx. US$15 million). Majmudar & Partners worked as legal advisors in this transaction, ensuring compliance with Indian legal frameworks and providing comprehensive legal support.

Facilitating the Transaction

Majmudar & Partners was instrumental in managing various aspects of this private equity deal, including:

  • Structuring the Transaction: Advised Bikaji Foods and its promoters on the optimal structure for the equity stake sale, ensuring compliance with Indian regulatory and tax frameworks while maximizing shareholder value.
  • Drafting and Negotiation of Agreements: Prepared and finalized key transaction documents, including the subscription agreement and shareholder’s agreement, ensuring the terms were favorable and legally sound.
  • Regulatory Compliance: Guided Bikaji Foods in obtaining necessary approvals from regulatory bodies, including compliance with the Companies Act, 2013, and foreign investment laws governing private equity transactions in India.
  • Equity Issuance Process: Supported Bikaji Foods in navigating the complexities of issuing new equity shares, ensuring all legal and procedural aspects were handled seamlessly.

This transaction represented a significant milestone for Bikaji Foods, enabling the company to leverage Lighthouse Funds’ strategic investment to enhance its operations, expand its product offerings, and strengthen its market presence. Majmudar & Partners’ legal expertise ensured the transaction was executed efficiently, paving the way for the company’s growth.

Majmudar & Partners provides end-to-end legal support for private equity transactions, from structuring and due diligence to drafting agreements and regulatory compliance. Contact us today to learn how our legal expertise can help you navigate complex investments and transactions with confidence.

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