KCo, SAM + CAM for Reliance on $3.38bn buy of Future retail, rep’d by Trilegal, Wadia G

Posted on By Legal 60

Kishore Biyani has surrendered the ‘crown jewel’ of the Future Group by selling his retail business to billionaire Mukesh Ambani’s Reliance Retail in a stunning reversal of fortunes for a businessman who was once celebrated as India’s Retail King.

— Moneycontrol

Trilegal and Wadia Ghandy advised the Future Group.

Two firms were joint counsel for the Reliance parent company: Khaitan and Shardul Amarchand Mangaldas, with Cyril Amarchand Mangaldas having advised the retail arm of Reliance.

Khaitan & Co advised the Reliance Group, led by a team of partnerHaigreve Khaitan, partnerMehul Shah, partnerVivek Sriram, along with assistance from partnersRajeev Vidhani, Harsh Parikh, Shailendra Bhandare, Anisha Chand and Rusha Mitra and their teams.

Shardul Amarchand Mangaldas & Co advised Reliance Group led by executive chairmanShardul Shroff, and equity partnerPuja Sondhi together with partnerSumeet Singh. Managing partnerPallavi Shroff provided strategic advice on the deal, with additional support to the transaction team from partnerPromode Murugavelu. Due diligence was led by the transaction team and also included partnersPuja Sondhi and Sumeet Singh with specialist real estate partnerMrinal Kumar, litigation partnerNitesh Jain, intellectual property partnerJ V Abhay, employment partnerPooja Ramchandani, data privacy partnerShahana Chatterjee and insurance partnerAshish Teni. The competition law team on the transaction is led by managing partnerPallavi Shroff, together with partnersShweta Shroff Chopra, Aparna Mehra and Manika Brar.

Cyril Amarchand Mangaldas acted for the specific Reliance retail subsidiary, Reliance Retail Ventures Limited (RRVL), providing advice, review of the structure and all documentation, led by partnersL Viswanathan, Nivedita Rao and Shishir Vayttaden.

Deal value: The deal is valued at INR 24,713 crore, subject to adjustments

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