Balaji Wafers Private Limited has entered into a definitive agreement to receive a strategic investment from General Atlantic.
Khaitan & Co advised Balaji Wafers and its promoters on this transaction.
The core transaction team consisted of Ashraya Rao (Partner), Saswat Subasit (Partner), Kaushik Babu (Principal Associate) and Akhil Wilson Thomas (Associate), with assistance from the following:
Intellectual property matters: Adheesh Nargolkar (Partner), Sunaina Brahma (Principal Associate) and Abhishek Mishra (Associate).
Competition/CCI matters: Anshuman Sakle (Partner), Rishabh Vohra (Senior Associate), and Sana Vaidya (Associate).
Transaction documentation: Bhavya Bhankharia (Principal Associate), Saranya Mishra (Senior Associate) and Palak Sheth (Associate).
Legal and regulatory vendor due diligence: Alankrita Singh (Associate), Palak Sheth (Associate), Yash Dawda (Associate) and Tirthesh Jain (Associate).
Employment law due diligence: Anshul Prakash (Partner), Kruthi Murthy (Principal Associate) and Ananya Gandhi (Associate).
Real estate due diligence: Avnish Sharma (Partner), Sudheer Madamaiah (Partner), Mudit Shah (Partner), Amruta Joshi (Counsel), Ekta Sawant (Principal Associate) , Siddharth Godha (Principal Associate), Rupali Singh (Principal Associate), Riya Manuja (Senior Associate), Associates Nidhi Marakana, Snehil Singhvi, Vidhi Patel, Shambhavi Kashyap and Esha Shah, and Paralegals Daksh Gupta and Dharam Prakash Bhardwaj.
Bharucha & Partners advised General Atlantic on this investment.
The transaction team was led by Vandana Pai (Senior Partner), and comprised Ayush Jain (Counsel) and Hardik Dave (Senior Associate).
The IP and regulatory teams were led by Kaushik Moitra (Partner, and Practice Lead – Regulatory & IP-TMT and Practice Development).
Balaji Wafers is one of India’s largest packaged snack brands, offering a diverse portfolio across namkeen, Western snacks, potato wafers, etc., with strong consumer acceptance across various segments. Over the years, it has successfully scaled its operations from its home base in Gujarat to become a leading player across multiple states in India. In addition to its strong domestic footprint, Balaji Wafers exports its products to approximately 25 countries globally.
With General Atlantic’s investment, Balaji Wafers will focus on further strengthening key corporate functions, accelerating innovation and accelerating its expansion across India.
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