Vaish Associates advised luxury merchandise e-tailer Radiant Hues on the $2m (Rs 13.8 crore) sale of stake in it to the Anil-Ambani controlled Reliance Capital which was advised by Bharucha & Partners.

Vaish Delhi partner Satwinder Singh and senior associate Varnika Sharma acted for Radiant.

Bharucha Mumbai partner Justin Bharucha and associate Gunmeher Juneja acted for Reliance.

Reliance will end up with 14.07 per cent stake in Radiant, through investment in various tranches, by May 2017, reported VC Circle.