Cyril Amarchand Mangaldas advised Saudi Agricultural and Livestock Investment Company (SALIC) on the proposed foreign direct investment (FDI) through a wholly owned subsidiary into LT Foods Limited (LT Foods), by way of primary subscription and secondary acquisition of shares for acquiring a minority stake and certain minority investor rights in LT Foods Limited. The General Corporate and Competition Law Practices of Cyril Amarchand Mangaldas advised SALIC on the transaction. The transaction also involves consolidation of LT Foods’ subsidiary Daawat Foods, which pursuant to the proposed transaction will become a wholly owned subsidiary of LT Foods, as well as entering into a new Supply Agreement between SALIC and LT Foods Limited.
