Khazanah Nasional Berhad has made an investment in Wow Momo Foods by way of subscription to certain class of CCPS and purchase of securities from certain existing shareholders of Wow Momo, cumulatively for an aggregate amount of ₹350 crores (approximately $42.1 million).

Shardul Amarchand Mangaldas & Co advised Tanjung Buai Ventures Sdn. Bhd., a special purpose vehicle of Khazanah Nasional Berhad, in this investment deal.

The transaction team was led by Iqbal Khan (Partner) and Pooja Singhania (Partner), with assistance from Devika Menon (Principal Associate) Megha Diddi (Senior Associate), Subbalaxmi S (Senior Associate), Shreya Mukherjee (Associate) and Shachi Kalani (Associate).

Inputs on CCI related aspects were provided by Gauri Chhabra (Partner) and Eesha Sheth (Associate).

Inputs on disputes related aspects were provided by Kanika Goenka (Partner) and Shreya Jain (Principal Associate).

Inputs on IP related aspects were provided by Mukul Baveja (Partner)

Khaitan & Co advised Wow Momo on this transaction.

The transaction team consisted of Bharat Anand (Partner), Nidhi Killawala (Partner), Prithwijit Gangopadhyay (Partner), Ayushi Mishra (Principal Associate) and Ishaan Chopra (Associate) with assistance from Sachit Singla (Associate) and Aayush Bapat (Associate) on the execution and closing aspects of the transaction.

The legal due diligence team was led by Prithwijit Gangopadhyay (Partner), Sruti Baid (Principal Associate), Supallab Chakraborty (Senior Associate), Karishma Sethia (Associate), Joysurjo Roy (Associate), Unnati Khanna (Associate) and Prakriti Agarwal (Associate).

Intellectual Property aspects of the legal due diligence: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate) and Vaishali Adhikari (Associate)

Employment and Labour law aspects of the legal due diligence: Deepak Kumar (Partner) and Varsha Sankara Raman (Associate).

This deal will strengthen investment in India’s food and beverage industry and further augment and expand Wow! Momo’s presence in India.

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