Cyril Amarchand Mangaldas acted as the legal counsel for the Godrej Family branches led by Mr. Adi Godrej and Mr. Nadir Godrej in relation to their family arrangement with the family branches led by Mr. Jamshyd Godrej and Mrs. Smita Godrej Crishna in relation to the re-alignment of the Godrej Group.
A family settlement arrangement was entered into by the Godrej family members comprising of two branches. The family branches have also entered into a Brand & Non-Compete Agreement to record their understanding in respect of the Godrej brand and non-compete obligations. The realignment is subject to receipt of requisite approvals.
Consequent to the announcement of family settlement arrangement, the members of the Godrej family led by Mr. Adi Godrej and Mr. Nadir Godrej have also made a public announcement of an open offer for the acquisition of shares held by the public shareholders of Astec Lifesciences Limited.
The transaction team of Cyril Amarchand Mangaldas was led by Mr. Cyril Shroff, Managing Partner, Mr. Rishabh Shroff, Partner & Co-Head Private Client Practice, Mr. Ramgovind Kuruppath, Partner – General Corporate Practice, with support from Mr. Archit Bhatnagar, Principal Associate, Ms. Surabhi Saboo, Senior Associate and Ms. Nikita Singhi, Senior Associate.
Ms. Avaantika Kakkar, Partner and Head – Competition Law Practice, and Ms. Shivani Sathe, Senior Associate, advised on competition law related aspects.
Mr. Aditya Prasad, Partner – General Corporate Practice, with support from Mr. Archit Bhatnagar, Principal Associate, Ms. Surabhi Saboo, Senior Associate and Ms. Nikita Singhi, Senior Associate advised on open offer related aspects.
The firm had theopportunity tobring to bear its rich experience in advising promoter families with large and diversified businesses and holdings to arrive at family settlement arrangements in a fair and amicable manner.
The family branches led by Mr. Jamshyd Godrej and Mrs. Smita GodrejCrishna were represented by AZB.
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About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government, and regulatory bodies. The Firm generalists,specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors, and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
