•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Old Frontpage Layout

Save preferences

Veritas, CAM, P&A steer Samara-Amazon $590m acquisition of Birla More supermarket through choppy waters, CCI

“Samara-Amazon to acquire ABRL’s More: The transaction is said to be valued at around Rs4,200 crore,” reported Mint. “Private equity firm Samara Capital along with Amazon.com Inc., the world’s largest online retailer, have agreed to buy Aditya Birla group’s food and grocery retail chain, More, for an undisclosed sum.”

The transaction received the nod from the Competition Commission of India (CCI) yesterday, according to the Economic Times, after FDI troubles had reportedly scuppered the deal, coupled with onerous CCI queries.

Veritas Legal acted for Aditya Birla, which sold the supermarket chain More, with partners Abhijit Joshi and Nandish Vyas, senior associate Kanisha Vora, associate Tejasvi Saxena, and competition advice provided by associate Geet Sawhney.

Cyril Amarchand Mangaldas advised joint buyer Samara on the transaction, led by managing partner Cyril Shroff, with partners Shagoofa Khan and Manu Varghese on the corporate and structuring elements. Competition law filing was led by partner Anshuman Sakle with strategic inputs from partner Avaantika Kakkar.

P&A Law Offices acted for Amazon, which formed the buying joint venture with Samara, led by managing partner Anand S Pathak and partner Shashank Gautam, as well as senior associate Sreemoyee Deb and associate Anubhuti Mishra.

2018-09-19

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click to show 3 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.

Latest comments