News and developments
The Sarthak Advocates and Solicitors advised Hindustan Unilever Limited (HUL) on the acquisition of palm oil business of Vishwatej Oil Industries Private Limited (VOIPL).
Palm and its derivatives, integral to HUL’s diverse portfolio of personal care, beauty, and home care products, have traditionally been sourced from Indonesia and Malaysia. However, this strategic acquisition marks entry of HUL in the palm oil space, a pivotal step in strengthening HUL’s localized supply chain resilience through backward integration. Moreover, it aligns seamlessly with the objectives of India’s National Mission on Edible Oils, fostering the development of sustainable and domestically sourced palm infrastructure.
Sarthak’s team provided comprehensive, end-to-end support throughout the transaction, with legal due diligence with physical inspection, transaction structuring, advisory on palm oil regulations and drafting and negotiation of transaction documentation.
The team was led by Managing Partner Mr. Abhishek Nath Tripathi, with contributions from Senior Associate Mr. Anil Khanna, and Associates Mr. Adesh Mishra and Mr. Saksham Gulati.