CESC Ventures on Thursday said it had acquired 8.49 per cent stake in Mumbai-based Peel-Works Private Ltd for ₹20.99 crore. The deal was made to support the group’s FMCG business that sells Too Yum brand snacks, the RP Sanjiv Goenka group company said. Peel-Works is a technology-driven distribution company, which supplies food, grocery and consumer products to retailers and wholesalers where orders are collected through a software application.

— Hindu Business Line

Khaitan & Co advised CESC Limited led by a team of partner Anuj Shah, principal associate Kumar Kartikeya Prakash, associate Pratik Jain, associate Vaibhavi Tadwalkar.

2020-03-12

Deal value: USD 2.8 million

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