CAM faces SAM for first time post-break-up on Aditya Birla acquisition of Jubilant Agri hypermarkets business

Tuesday, 19 May 2015 By Prachi Shrivastava Corporate M&A

Cyril Amarchand Mangaldas (CAM) advised Aditya Birla Retail on its acquisition of Jubilant Agri and Consumer Products’ retail hypermarket business Total Super Store, which was advised by Shardul Amarchand Mangaldas (SAM).

CAM managing partner Cyril Shroff, Bangalore partner Nivedita Rao and Mumbai partners Nisha Kaur Uberoi and SR Patnaik acted for Aditya Birla Retail.

SAM managing partner Shardul Shroff and partner Gunjan Shah with principal associates Aparna Mehra and Shruti Kanodia acted for Jubilant.

The deal covers leasehold rights for four hypermarkets of Total in Bengaluru, including movable and immovable assets, a warehouse, an office premises, working capital, trademarks, intellectual property and other rights associated with Total, through a slump sale for an undisclosed lump sum in cash, reported Mint on 12 May.

Shroff vs ShroffCyril Amarchand MangaldasShardul Amarchand Mangaldas

Comments

Guest 19 May 2015, 11:50
+2 -1
Shruti Kanodia...........Associate or Partner???.............
kianganz 19 May 2015, 11:52
+0 -2
I'm not sure actually - are there two with same name in SAM?
Shrutis friend 19 May 2015, 13:52
+0 -0
Kian, she is an Associate. You may want to correct the article.
Insider 19 May 2015, 17:10
+1 -0
Kian Shruti Kanodia is a principal associate who works with Gunjan (who is a partner). There's only one Shruti Kanodia in SAM and no Shruti in competition (which is Aparna Mehra's team). I note that the deal doesn't have the details of the full CAM and SAM team
Business 19 May 2015, 11:53
+0 -2
Back to business!!
SCAAAM 19 May 2015, 12:10
+7 -1
Bole toh SAM and CAM and mega SCAM doing all deals from both sides.
well played 19 May 2015, 12:40
+2 -0
For all those who smirked and smiled on the news of shroff brothers parting ways...didn't c it coming..AMSS acting on both sides now....whattay strategy!!!
Conflict? 19 May 2015, 12:46
+2 -0
Did this deal move from start to signing/closing within a week? If not, how can one firm advise both sides? My guess would be they would have got waiver of conflicts and started work before the eventual split.
Insider 19 May 2015, 12:48
+14 -1
From what I hear, the split was fake and was done with the sole intention of grabbing more market share. Now instead of being on one side of the deal, Shroffs would be on both sides. Apparently there is a confidential revenue sharing agreement between the two brothers
kianganz 19 May 2015, 12:50
+6 -0
Lol, what rubbish! (though as far as conspiracy theories go, that's certainly a good one).

It would make no commercial sense - if that was the idea, they could have separated without going to the Bombay HC and doing all that nonsense about the will, etc.

And it's not like before they weren't working on two sides of a deal Chinese walled...
Insider 19 May 2015, 12:53
+6 -0
Kian, apparently all of that was done to make it more believable!!
kianganz 19 May 2015, 12:55
+0 -0
Hehe. That would make very little business sense. The financial upside to this being what exactly? And did they make the 3 mediators play along and waste their time for 6 months on this for six months, or were they in on it too? :)
Call You Sieve 20 May 2015, 02:58
+0 -0
Kianji, ever heard of a suit like that?! :-)

That conspiracy theory surely should not be discarded outright!
Re: Call You Sieve 20 May 2015, 10:30
+1 -0
Yes and on the old firm's centenary, both will merge after destroying all competition. Dream on pal...
SCAAAMR 19 May 2015, 16:36
+0 -0
Read comment 3 re
Guest 20 May 2015, 03:59
+1 -0
These talks were going on when Reliance empire (MDA & ADA) separated............that they were doing the split to increase their net worth.........however, its clear that sometimes individual differences become so big that brothers cannot function as one entity.............so its better separated.......Nonetheless, SAM + CAM = SCAM.....LoL.....interesting take..........
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