Cyril Amarchand Mangaldas (CAM) advised Aditya Birla Retail on its acquisition of Jubilant Agri and Consumer Products’ retail hypermarket business Total Super Store, which was advised by Shardul Amarchand Mangaldas (SAM).
CAM managing partner Cyril Shroff, Bangalore partner Nivedita Rao and Mumbai partners Nisha Kaur Uberoi and SR Patnaik acted for Aditya Birla Retail.
SAM managing partner Shardul Shroff and partner Gunjan Shah with principal associates Aparna Mehra and Shruti Kanodia acted for Jubilant.
The deal covers leasehold rights for four hypermarkets of Total in Bengaluru, including movable and immovable assets, a warehouse, an office premises, working capital, trademarks, intellectual property and other rights associated with Total, through a slump sale for an undisclosed lump sum in cash, reported Mint on 12 May.
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It would make no commercial sense - if that was the idea, they could have separated without going to the Bombay HC and doing all that nonsense about the will, etc.
And it's not like before they weren't working on two sides of a deal Chinese walled...
That conspiracy theory surely should not be discarded outright!
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