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Khaitan & Co. Advises HUL on the buy of Adityaa Milk from Vijaykant Dairy

Khaitan & Co. Advises HUL on the buy of Adityaa Milk from Vijaykant Dairy

Hindustan Unilever Ltd (HUL) bought ‘Adityaa Milk’ ice cream brand from Karnataka-based Vijaykant Dairy and Food Products Ltd for an undisclosed amount aiming a larger slice of the fragmented ice cream market in India. HUL, which already sells ice creams under the Kwality Wall’s, Magnum and Cornetto brands, has signed an agreement with Vijaykant Dairy to buy ice cream and frozen dessert business of the company along with its front-end distribution across Karnataka, Maharashtra, Goa,and Kerala where the company has a presence. Khaitan & Co partner Nikhilesh Panchal, principal associate Malav Shah and associates Murugaveni Pillai and Anvita Mishra acted for HUL.

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