Skip to main content

Shardul Amarchand Mangaldas and Khaitan & Co. have advised India’s Reliance Retail Ventures on its purchase of retail businesses of conglomerate Future Group for 247.13 billion rupees ($3.38 billion). The seller was represented by Trilegal and Wadia Ghandy & Co.

Reliance Retail Ventures, a subsidiary of Reliance Industries, offers consumer electronics, food and grocery, and fashion and lifestyle products in India. According to Reuters, the acquisition of Future Group’s 2000 retail stores and Big Bazaar grocery chain will help Reliance to broaden its extensive reach across the country.

The Khaitan team was led by partners Haigreve Khaitan, Mehul Shah, Vivek Sriram, Rajeev Vidhani, Harsh Parikh, Shailendra Bhandare, Anisha Chand and Rusha Mitra.

Executive chairman Shardul Shroff and partners Puja Sondhi, Sumeet Singh, Pallavi Shroff, Promode Murugavelu, Mrinal Kumar, Nitesh Jain, J.V.Abhay, Pooja Ramchandani, Shahana Chatterjee, Ashish Teni, Shweta Shroff Chopra, Aparna Mehra and Manika Brar oversaw the transaction for SAM.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Trilegal, CAM, Khaitan advise on $300 mln EnerGrid green energy platform

by Nimitt Dixit |

Trilegal and Cyril Amarchand Mangaldas have advised Norwegian and British investors on the formation of $300 million green energy platform EnerGrid, in partnership with IndiGrid, the Mumbai-based power transmission infrastructure investment trust backed by KKR.

Deals

Simpson Thacher, and Nishimura guide KKR's $2.55 bln exit from Seiyu

by Nimitt Dixit |

U.S. law firm Simpson Thacher & Bartlett and Japanese Big Four firm Nishimura & Asahi have advised private equity giant KKR on its $2.55 billion exit from Japanese supermarket chain Seiyu through a sale to Trial Holdings.

Deals

Debevoise, Links, CC advise on $2.28 bln U.S.-Japan insurance deal

by Sarah Wong |

Debevoise & Plimpton and Linklaters are representing Japanese insurer Meiji Yasuda Life Insurance Company on its $2.28 billion all-cash acquisition of the U.S. protection business of Legal & General, which is being advised by Clifford Chance.