Khaitan & Co advises Milky Mist on securing ₹482 crore pre-IPO investment from Temasek subsidiary

Milky Mist Dairy Food Limited has secured a pre-IPO primary investment of ₹482 crore from Jongsong Investments Pte. Ltd., an indirect wholly owned subsidiary of Temasek Holdings.

Khaitan & Co advised Milky Mist on this fundraise.

The transaction team consisted of Vivek Sriram (Partner), Anantha S Desikan (Principal Associate) and Aanchal Kapoor (Associate) with assistance from the following:

Tax aspects: Sneh Shah (Partner) and Pal Jain (Associate);

Competition law aspects: Anisha Chand (Partner)

The Firm is also advising Milky Mist on their IPO.

Founded in 1997, Milky Mist is a prominent dairy company in India. It specializes in the procurement, processing, and manufacturing of a wide range of dairy products. Milky Mist offers over 150 value-added dairy products, including milk, yogurt, and cheese.

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