“Samara-Amazon to acquire ABRL’s More: The transaction is said to be valued at around Rs4,200 crore,” reported Mint. “Private equity firm Samara Capital along with Amazon.com Inc., the world’s largest online retailer, have agreed to buy Aditya Birla group’s food and grocery retail chain, More, for an undisclosed sum.”

The transaction received the nod from the Competition Commission of India (CCI) yesterday, according to the Economic Times, after FDI troubles had reportedly scuppered the deal, coupled with onerous CCI queries.

Veritas Legal acted for Aditya Birla, which sold the supermarket chain More, with partners Abhijit Joshi and Nandish Vyas, senior associate Kanisha Vora, associate Tejasvi Saxena, and competition advice provided by associate Geet Sawhney.

Cyril Amarchand Mangaldas advised joint buyer Samara on the transaction, led by managing partner Cyril Shroff, with partners Shagoofa Khan and Manu Varghese on the corporate and structuring elements. Competition law filing was led by partner Anshuman Sakle with strategic inputs from partner Avaantika Kakkar.

P&A Law Offices acted for Amazon, which formed the buying joint venture with Samara, led by managing partner Anand S Pathak and partner Shashank Gautam, as well as senior associate Sreemoyee Deb and associate Anubhuti Mishra.

Update 12 July 2019: AZB & Partners advised Amazon led by a team of senior partner Hardeep Sachdeva, partner Ravi Bhasin, and senior associates Rukmani Seth, Prateek Batra.

2018-09-19

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