Bluebrahma Clean Energy Solutions Private Limited has acquired 100% shareholding of Sagar Industries and Distilleries Private Limited from Nandu Kalani, Nirmal Kalani and Kalani family members, along with 95 acres of land held by the existing shareholders adjacent to the existing manufacturing facility at Nashik.
Prior to the acquisition, a consortium of investors including GBL Clean Energy Private Limited, Golden Agri International Enterprises Pte Limited, K.N Agri Resources Limited and others invested an undisclosed amount in Bluebrahma which made the acquisition of shareholding and land possible.
DSK Legal advised the consortium of investors investing in Bluebrahma on the deal.
The team comprised Jayesh Kothari (Associate Partner), Hemanshi Gala (Associate) and Kunal Chopra (Associate). They were assisted by Sagar Kadam (Partner) and Kinjal Gandhi (Associate) on the real estate aspects of the Transaction.
Hemang Parekh (Partner) provided strategic inputs on the structure of the Transaction.
Federal & Company represented Sagar Industries and Distilleries and the existing shareholders
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