AZB acts for Tata Chem on $817m restructuring-sale of food to Tata Beverages (May ‘19)

Tata group Wednesday announced the transfer of its branded food business from Tata Chemicals Ltd to Tata Global Beverages Ltd in an all shares deal that will create an over Rs 9,000 crore giant.

— Business Standard

AZB & Partners advised Tata Chemicals Limited (“TCL”) led by a team of Corporate partners Ashwath Rau, Darshika Kothari and Dhruv Singhal, Competition partners Samir Gandhi and Aditi Gopalakrishnan.

2019-05-15

Deal value: INR 57.5 Billion / USD 817 Million

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AZB & Partners

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AZB acts for Tata Chem on $817m restructuring-sale of food to Tata Beverages (May ‘19)