IndusLaw acts for Urban Ladder on $24.4m sale to Reliance Retail with Cyril Amarchand (+Algo)

Tuesday, 17 November 2020 By Legally India Corporate M&A

Billionaire Mukesh Ambani-led Reliance Industries’ retail arm Reliance Retail Ventures has bought a 96 per cent stake in online furniture retailer Urban Ladder for Rs 182.12 crore ($24.4 million), in an attempt to expand its presence in India’s online retail market.

— Ndtv

IndusLaw advised Urban Ladder Home Decor Solutions Private Limited and its promoters Ashish Goel and Rajiv Srivatsa, led by a team of partner Anindya Ghosh, principal associate Aakash Dasgupta and associate Jaidrath Zaveri.

Cyril Amarchand Mangaldas acted for Reliance Retail Limited, including a team of partner Aishwarya K and associate Surbhi Ajitsaria.

Algo Legal acted for the existing investors in the company, led by a team including lawyers Ankit Guha, Lalu John Philip, Utsav Gandhi and Srushti Shanbhag.

2020-11-01

Deal value: Rs 182 crore

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Comments

Watcher 18 Nov 2020, 05:38

+29 -6

Looks like CAM bagged RIL from AZB. Good for them. Heard that the firm is extremely busy across the board. Cyril and his partners have done well.

Guest 18 Nov 2020, 11:06

+23 -1

Yes for sure

Guest 19 Nov 2020, 09:31

+34 -3

Probably because of AZBs work for and nonsensical advise to Amazon that has landed it in a legal soup.

Guest 20 Nov 2020, 11:30

+19 -1

Kian, AZB structured the deal with Future that got Amazon into this illegal mess but who is acting for them in the litigation?

Returnee 20 Nov 2020, 13:07

+1 -0

Amazon and future both by some lesser known people.

Anon123456 21 Nov 2020, 01:14

+5 -0

Which partner led this transaction?

Someone 21 Nov 2020, 15:14

+6 -0

Who doesn't know enforcement of rights but only drafting whatever comes to mind. [img]https://media1.giphy.com/media/h5vOKbZbkDO93yUO4f/200.gif[/img]

Anon123456 22 Nov 2020, 05:22

+0 -0

Pl specify.

Guest 22 Nov 2020, 16:26

+7 -0

Must have been THE partner

Guest 22 Nov 2020, 11:23

+9 -0

So why rely on that sham of an agreement and cause more problems for yourself, and potentially put your whole business at risk? Madness.

Yex-Client 18 Nov 2020, 14:01

+2 -4

Isn't Urban Guswami owner of Urban Ladder?

Swweettuns 22 Nov 2020, 05:03

+2 -0

Whoever messed up...is probably no longer a sweety.

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