Veritas, Khaitan act on Aditya Birla Fashion acquiring share capital of House of Masaba
The deal was valued at Rs.90 crores
Veritas, Khaitan act on Aditya Birla Fashion acquiring share capital of House of Masaba
The deal was valued at Rs.90 crores
Aditya Birla Fashion and Retail Limited has acquired 51 percent of the share capital of the House of Masaba Lifestyle Private Limited.
Veritas Legal acted for, advised, and assisted Masaba Lifestyle and fashion designer Masaba Richards in relation to the transaction. It included reviewing, revising and negotiating and finalizing the transaction documents (i.e., shareholders agreement, share subscription and purchase agreement, and employment agreement).
The Veritas Legal team, led by Partner Kunal Doshi, was assisted by Senior Associate Karun Jhangiani and Associates Aditya Thakore and Freya Irani.
Khaitan & Co advised Aditya Birla Fashion. The transaction team comprised Kapish Mandhyan, Reshma Abraham, Sushmita Ravi, Madhav Chandan, and Vedika Agarwal.
They were assisted in Data Privacy aspects by Supratim Chakraborty, Sumantra Bose, Tashi Gyanee, and Ribhu Mukherjee. The Employment Law aspects were dealt with by Deepak Kumar and Shreya Sukhtankar.
While the Intellectual Property aspects were taken care of by Shailendra Bhandare, Sourav Dan and Rhea Ghansani, the Transaction Documentation assistance was dealt with by Vasundhra Minocha.