Shardul Amarchand Mangaldas advised Oslo-listed Orkla ASA and Orkla India Limited on its ₹16,670 million Initial Public Offering
The leading law firm in India, Shardul Amarchand Mangaldas (SAM) advised Oslo-listed Orkla ASA and its Indian subsidiary, Orkla India Limited (formerly MTR Foods Private Limited), and its promoter selling shareholder, Orkla Asia Pacific Pte. Ltd., in relation to the ₹16,670 million Initial Public Offering (IPO) of Orkla India.
Orkla India Limited is a leading multi-category Indian food company with heritage brands such as MTR, Eastern, and Rasoi Magic. It forms part of the global portfolio of Orkla ASA, a leading industrial investment company with a market capitalisation of approximately US$ 11 billion and last annual consolidated group revenue of around US$ 6.2 billion.
The IPO was oversubscribed 48.73 times, with strong participation across investor categories. This milestone marks a significant step in Orkla India’s growth journey and reflects strong investor confidence in India’s packaged food and beverage sector.
With this transaction, the SAM Capital Markets team reinforced its experience in advising multinational conglomerates on their Indian capital markets forays, having previously advised on deals involving Hyundai Motors, LG Electronics, Walmart, Travel Food Services (SSP Global Plc.), Carrao, Niva Bupa, and Tenneco Clean Air, among others.
The SAM transaction team was led by Nikhil Naredi (Partner), and included Rohit Tiwari (Partner), Chinmay Sethia (Principal Associate), and Manish Soni, Avani Sharda, and Najeeb Din (Associates).
The Regulatory Advisory team was led by Manjari Tyagi (Partner), with support from Deepika Goyal (Principal Associate) and Shivaang Maheshwari (Associate).
The Labour and Employment team included Pooja Ramchandani (Partner), Kriti Kaushik (Partner), and Rakshita Mehta (Associate).
Mukul Baveja (Partner) advised on key intellectual property-related aspects of the transaction.
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