Skip to main content

Cyril Amarchand Mangaldas has advised private equity firm Samara Capital, and AZB & Partners has advised global giant Amazon on the firms’ joint $590 million purchase of Indian food and grocery retail chain More from Aditya Birla Group, which was counselled by Veritas Legal.

The agreement sees Samara Capital hold a 51 percent stake in More, with Amazon holding the remaining 49 percent.

According to Reuters, Amazon’s latest acquisition adds more heat to the U.S. e-commerce giant’s battle with Walmart in the Indian market, after Walmart acquired Indian firm Flipkart for $16 billion.

The Cyril Amarchand Mangaldas team was led by managing partner Cyril Shroff, partners Shagoofa Khan, Manu Varghese, Anshuman Sakle and Avaantika Kakkar.

P&A Law Offices also advised Amazon. The team was headed by managing partner Anand S Pathak and partner Shashank Gautam.

The Veritas legal team was led by partners Abhijit Joshi and Nandish Vyas.

 

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

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.