Bel Société anonyme entered into a joint venture and share purchase agreement to acquire 49% stake in Britannia Dairy Private Limited for INR 2600 million on November 29, 2022. The turnover of BDPL for financial year 2021-22 is INR 3400 million. The expected closing date is December 2, 2022.

Dua Associates' team led by Partners Salil Gulati , Shailendra Singh Somvanshi and Sahil Dhawan acted as legal advisors to Bel Société anonyme and Haigreve Khaitan, Vineet Shingal, Sharad Abhyankar, Ritu Shaktawat, Ritu Shaktawat, Abhishek Dadoo, Ravitej Chilumuri and Abhiraj Gandhi Khaitan & Co. acted as legal advisor to Britannia Industries Limited in this transaction.