Media & Events
Shardul Amarchand Mangaldas advises Khazanah Nasional Berhad on its investment in Wow Momo Foods
January 23, 2024
Shardul Amarchand Mangaldas advised Tanjung Buai Ventures Sdn. Bhd., a special purpose vehicle of Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, on its primary investment and secondary acquisition of stakes in Wow Momo Foods Private Limited.
The primary investment was made by way of subscription to compulsorily convertible preference shares (Series D3 CCPS), and the secondary purchase was made from the founders of the Company, i.e., Sagar Jagdish Daryani, Binod Kumar Homagai, Shah Miftaur Rahman and certain other shareholders, i.e., India 2020 Fund II, Limited and William Bissell.
This deal will strengthen investment in India’s food and beverage industry and further augment and expand Wow! Momo’s presence in India.
The transaction team was led by Iqbal Khan, Partner; Pooja Singhania, Partner; Devika Menon, Principal Associate; Megha Diddi, Senior Associate; Subbalaxmi S, Senior Associate; Shreya Mukherjee, Associate and Shachi Kalani, Associate.
The due diligence team was led by Iqbal Khan, Partner; Pooja Singhania, Partner; Devika Menon, Principal Associate; Megha Diddi, Senior Associate; Shreya Mukherjee, Associate and Shachi Kalani, Associate.
With inputs on CCI related aspects from Gauri Chhabra, Partner; and Eesha Sheth, Associate.
With inputs on disputes related aspects from Kanika Goenka, Partner and Shreya Jain, Principal Associate.
With inputs on IP related aspects from Mukul Baveja, Partner.
