CESC Ventures’ Acquisition of a Majority stake in Herbolab

Khaitan & Co advised CESC Ventures Limited on the deal

CESC Ventures executed the acquisition of 64.63% stake in ayurvedic medicines maker Herbolab India Private Limited for $4.6 million subject to post closing adjustments.

CESC Ventures Limited, a company listed on BSE and NSE, is a part of the Sanjiv Goenka-owned RP-Sanjiv Goenka Group. It is engaged, inter alia, in the business of owning, operating, investing and promoting business in the fields of information technology, business process outsourcing and other ventures (including fast moving consumer goods business).

Khaitan & Co advised CESC Ventures Limited with a team including Ashraya Rao (Picture), Shreya Dua and Minal Sangatwani.

Involved fees earner: Ashraya Rao – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: CESC Ventures Ltd;

Author: Michael Patrini