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.
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