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

Related Articles

STB, S&C, Freshies act on $8 bln cross-border AC assets deal

Sullivan & Cromwell has advised German engineering group Robert Bosch on its $8 billion agreement to acquire the residential ventilation businesses of Johnson Controls and Japanese group Hitachi.

S&C, Freshies guide $905 mln U.S.-Japan tire deal

U.S. law firm Sullivan & Cromwell is advising Goodyear Tire & Rubber on the planned sale of its Off-the-Road equipment tire business to Japan's Yokohama Rubber, which is being represented by Freshfields Bruckhaus Deringer.

A&O Shearman advises Allianz on $1.6 bln Singapore insurance deal

by Nimitt Dixit |

A&O Shearman has advised German insurer Allianz on the acquisition of a 51 percent stake in Singapore's Income Insurance for S$2.2 billion ($1.6 billion), the latest major deal in Singapore’s buzzing insurance sector.