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Cyril Amarchand Mangaldas advises Adani Wilmar on acquisition of renowned Basmati rice brand ‘Kohinoor’ from McCormick Switzerland

Cyril Amarchand Mangaldas advised and assisted Adani Wilmar Limited (Adani Wilmar), a listed company, in its acquisition of the renowned Basmati rice brand ‘Kohinoor from McCormick Switzerland GMBH. The transaction will give Adani Wilmar Limited, exclusive rights over the brand ‘Kohinoor’ in the Basmati rice category including ‘Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio under the Kohinoor Brand umbrella in India.
The General Corporate (M&A) Practice of Cyril Amarchand Mangaldas advised on the transaction. The scope of work included structuring of the transaction, review, finalization, negotiation and execution of transaction documents (including the IP Assignment Agreement). The Transaction team was led by Smruti Shah, Partner; with support from Aviral Chauhan, Principal Associate; and Devanshi Dalal, Senior Associate. 
Adani Wilmar is a joint venture incorporated in 1999 between the Adani Group, which is a multinational diversified business group with significant interests across transport and logistics, and energy and utility sectors, and the Wilmar Group, one of Asia’s leading agribusiness groups which was ranked as the seventh largest listed companies by market capitalization on the Singapore Exchange as of September 30, 2021. Adani Wilmar is one of the few large FMCG food companies in India to offer most of the primary kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar.
The Transaction was signed on 2nd May, 2022; and closed on 3rd May, 2022.

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