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Kochhar & Co. acted as transaction counsel to Sarda Mines Private Limited (“Seller”) , an Indian company with diversified interests in mining, mineral processing and dairy operations, in connection with the sale and transfer of its dairy business undertaking to Kalkaji Food Processing Private Limited (“Purchaser”), as a going concern on a slump sale basis, pursuant to a Business Transfer Agreement (“BTA”).

The transaction involved the transfer of the Seller’s dairy business undertaking, comprising its milk processing and allied dairy operations in India. The acquisition complements the Purchaser’s existing dairy products manufacturing business, strengthening its operational capabilities and supporting its expansion in the Indian dairy sector.

Kochhar & Co. advised the Seller on the legal structuring, negotiation and documentation of the transaction. The Firm’s mandate encompassed drafting, reviewing, negotiating and finalising the BTA and ancillary transaction documents, advising on the applicable legal and regulatory aspects of the business transfer, and assisting with the related execution formalities.

The transaction was led by Ketan Mukhija (Corporate Partner and National Head – Private Equity & Venture Capital Practice), supported by Deepanshi Trivedi (Senior Associate) and Anshu Gupta (Associate).