Alpha, Khaitan on Spencer's buy of Mera Grocer

Wednesday, 20 January 2016 By Legally India Corporate M&A

Alpha Partners advised online grocery service Mera Grocer on its acquisition by the hypermarket chain Spencer’s Retail which was advised by Khaitan & Co.

Alpha Delhi partner Akshat Pande acted for the Omnipresent Retail-owned Mera Grocer which currently operates in Gurgaon and some Delhi neighbourhoods.

Khaitan Mumbai partner Ashish Razdan, executive director Daksha Baxi, senior associates Alok Sonker, Shabnam Shaikh and Surajkumar Shetty, principal associate Shailendra Bhandare and associates Sunayana Bose, Abir Sarkar and Alisha Ganjawala acted for the RP-Sanjiv Goenka Group-owned multi-format retailer Spencer’s Retail.

Mera Grocer earns only Rs 5 crore in annual revenue but Spencer’s bought it less for its size and more for its robust information technology platform, reported Mint.

Alpha PartnersKhaitan & Co

Comments

Scott Hall 20 Jan 2016, 17:19
+3 -0
Why didn't Khaitan Kolkata do this transaction with their 14 member corp team? Goenkas are based out of Kolkata.
Lexpert 21 Jan 2016, 06:29
+1 -0
Simple, Scott - Khaitan shifts premium legal services (M&A etc.) to its Delhi/ Bombay offices to enable them to charge higher fees. The Kolkata office does compliance, incorporations and other low end work, at low end fees.
Guest 21 Jan 2016, 14:49
+0 -0
Delhi?? or only Mumbai
Efficiency Quotient 21 Jan 2016, 16:41
+1 -1
A 9 member team?? seriously!!

Khaitan, aren't you a bit extra tolerant of inefficiency?? Come on..
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