{"id":44656,"date":"2024-10-07T09:30:33","date_gmt":"2024-10-07T09:30:33","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=44656"},"modified":"2024-10-07T09:31:01","modified_gmt":"2024-10-07T09:31:01","slug":"cyril-amarchand-mangaldas-advised-selling-shareholders-including-peak-xv-partners-growth-investment-holdings-i-and-peak-xv-partners-growth-investments-ii-in-relation-to-the-proposed-sale-of-46-85-sta","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/cyril-amarchand-mangaldas-advised-selling-shareholders-including-peak-xv-partners-growth-investment-holdings-i-and-peak-xv-partners-growth-investments-ii-in-relation-to-the-proposed-sale-of-46-85-sta\/","title":{"rendered":"Cyril Amarchand Mangaldas advised selling shareholders, including Peak XV Partners Growth Investment Holdings I and Peak XV Partners Growth Investments II in relation to the proposed sale of 46.85% stake in Prataap Snacks Limited to Authum Investment &amp; Infrastructure Limited and Ms. Mahi Madhusudan Kela."},"content":{"rendered":"<p><strong>Cyril Amarchand Mangaldas (CAM) advised selling shareholders, including Peak XV Partners Growth Investment Holdings I and Peak XV Partners Growth Investments II in relation to the proposed sale of 46.85% stake in Prataap Snacks Limited to Authum Investment &amp; Infrastructure Limited and Ms. Mahi Madhusudan Kela.<\/strong><!--more--><\/p>\n<p>The execution of the SPA has also triggered an obligation on the Purchasers to make an open offer to the public shareholders of the Target Company under Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.<\/p>\n<p>The transaction was undertaken under the overall guidance of <strong>Cyril Shroff,<\/strong><em> Managing Partner. The transaction <\/em>team was led by <em><strong>Ramgovind Kuruppath,<\/strong><\/em><em> Partner; \u00a0<\/em>with support from <strong>Megha Krishnamurthi<\/strong><em><strong>, <\/strong><\/em><em>Principal Associate; <\/em><strong>Nikita Singhi<\/strong><em><strong>, <\/strong><\/em><em>Senior Associate; and\u00a0<strong>Bharat Harne<\/strong>, Associate.<\/em><\/p>\n<p>The transaction document was signed on 26<sup>th<\/sup> September 2024. The closing is subject to completion of the conditions set out in the share purchase agreement, including regulatory approvals, if applicable<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-44656","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/44656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=44656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}