Khaitan & Co Advised Aditya Birla Fashion On Majority Stake Acquisition In Goodview Fashion
Khaitan & Co advised Aditya Birla Fashion and Retail Ltd. on the acquisition of an additional stake in Goodview Fashion
Khaitan & Co Advised Aditya Birla Fashion On Majority Stake Acquisition In Goodview Fashion
Khaitan & Co advised Aditya Birla Fashion and Retail Ltd. on the acquisition of an additional stake in Goodview Fashion - manufacturer of the ethnic couture brand Tarun Tahiliani by increasing its stake from 33.5% to 51%, by way of secondary purchase from existing shareholders.
This acquisition was made through a secondary purchase of a 17.5% stake, amounting to 1,870 equity shares, from the existing shareholders of GFPL for a cash consideration of Rs 127.42 crores.
Goodview Fashion is known for manufacturing and selling ethnic couture under the brand Tarun Tahiliani, with this transaction, Goodview Fashion has become a subsidiary of ABFRL, effective July 11, 2024.
The Khaitan & Co team involved in the deal included Shourya Sengupta (Partner), Sneh Lata (Principal Associate), and Arka Banerjee Choudhury (Senior Associate).