Spice Retail, the multi brand mobile and technology retail chain, has acquired Bangalore-based retail chain, Global Access. B.K. Modi owned Spice Retail has a nationwide network of nearly 700 stores.
“The telecom retail industry is primarily driven by customer footfalls and real estate values of the retail outlets. Global Access’ acquisition indicates that the real estate and retail market dynamics are being exploited by large national players to generate long term value for their businesses,” feels Mahesh Madan Bhat, the name partner of MMB Legal.
Mahesh with his team, comprising Partner Amrut Joshi and Associate Ryan Locke advised Global Access. Spice Telecom’s in house counsel advised on the transaction.
|
 |
Be the first to post a comment 
Other Deal Street
- AZB and Indus lead on Warburg Pincus $32 million investment in Quickr
- Khaitan, Kochhar and Crawford help Oriental Carbon and Chemicals buy 50% stake in Schrader Duncan JV
- AZB and NDA advise on Genpact’s acquisition of Atyati Technologies
- AZB and Sidley Austin help Kae Capital raise funds
- Amarchand and Weil Gotshal lead on Piramal Healthcare’s acquisition of US-based Decision Resources Group
- AZB, DLA and JSA help Dutch Manager APG to invest Rs. 650 crore in Lemon Tree Hotels
- Amarchand and Desai Diwanji help Nagpur Automotive acquire Adhunik Metalik’ forging subsidiary
Top News
- Re-Upped Round up May 23
- Alternative Law Forum to hold 2 day course on ‘Free Speech law in India’
- BCI to start Phase-Wise Agitation to oppose Higher Education Bill; July 11 and 12 to be Protest Days; Dharna at Jantar mantar in August
- End of Venture Capital Fund Regulations; SEBI notifies Alternate Investment Fund Regulations
- SILF supports Nariman for President of India; Says no one knows the working of the Constitution better
- Re-Upped Round up May 22
- Supreme Court Lawyers Welfare Trust encourages young talent; Introduces 2 annual fellowships
Webmasters: AIKYA