B9 Beverages Private Limited (Bira) has acquired 100% shareholding in BTB Marketing Private Limited (Beer café).
Mayfield FVCI, Ltd. and the other shareholders of Beer Café, including promoters – Rahul Singh and Bineeta Singh will get shares of B9 Beverages Private Limited in a share swap deal (“Transaction”).
Stratage Law advised Mayfield FVCI, Ltd of all aspects of the transaction including from an Indian foreign exchange law perspective. Given this was a non cash deal and stock only deal. We advised client on maximizing the manner in which the transaction could be achieved by an Indian Forex prospective and Company Law prospective.
The Innovative part was to achieve the share swap on a non-cash basis.