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(Cyril) Amarchand acts on Rs 5,000 cr Aditya Birla, Pantaloons restructuring

Amarchand Mangaldas’ Mumbai region has advised the Aditya Birla Group on merging Aditya Birla Nuvo’s premium apparel business, Madura Garments Lifestyle Retail, with Pantaloons Fashion and Retail India.

Mumbai-based managing partner Cyril Shroff, Bangalore partner Nivedita Rao and Mumbai-based partner Gurpreet Vasir Ashar acted for the three companies as transaction counsel.

Amarchand Mumbai tax partner SR Patnaik, competition partner Nisha Uberoi and litigation partner Sharad Mathkar - who is expected to become equity partner at the separate partnership to be started by Shroff after splitting from the Delhi region of the firm - also assisted on the deal.

The consolidation will create India’s largest branded clothing company with annual turnover of Rs 5,290 crore, reported Mint.

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