Shardul Amarchand Mangaldas & Co. advises Sabyasachi Couture in relation to the acquisition of 51% stake by Aditya Birla Fashion and Retail Limited in Sabyasachi Couture

February 1, 2021

Shardul Amarchand Mangaldas & Co. advised Sabyasachi Couture and its partners, Sabyasachi Mukherjee and Sukumar Mukherjee, in relation to the acquisition of 51% stake by Aditya Birla Fashion and Retail Limited, in Sabyasachi Couture. The deal is valued at approximately INR 398 crore. The acquisition is expected to be completed by the end of February or mid-March.

The transaction team was led by Jay Gandhi, Partner; Rohan Jain, Principal Associate; and Joanna Barretto, Associate. The Intellectual Property team was led by Mukul Baveja, Partner.

EY and PwC advised Sabyasachi Couture and its partners on tax and financial aspects of the transaction. Khaitan & Co. advised Aditya Birla Fashion and Retail Limited on legal aspects, and KPMG and Transaction Square LLP advised Aditya Birla Fashion and Retail Limited on tax and financial aspects of the transaction.