Ashok Matches and Timber Industries Private Limited and Pioneer Jellice India Private Limited agreed to acquire a 75% stake in Narmada Gelatines Limited (BSE:526739) from Alfamont Mauritius Ltd for INR 1 billion on June 9, 2023. Deloitte Touche Tohmatsu India, LLP acted as an accountant to Alfamont Mauritius Ltd and Crawford Bayley & Co. acted as legal advisor to Alfamont Mauritius Ltd. KPMG International Cooperative acted as accountant to Ashok Matches and Timber Industries Private Limited and Pioneer Jellice India Private Limited and Singhania & Co.

LLP acted as legal advisors to Ashok Matches and Timber Industries Private Limited and Pioneer Jellice India Private Limited.