ILP, AZB act in Richemont’s buy-out of its Indian JV Partner

Navratna Bharat Retail, the exiting Indian joint venture partner of Richemont in RLG Retail has exited from the joint venture after the FIPB granted its approval for 100% equity in single brand retail (Cartier) to be held by Richemont. AZB & Partners acted for Richemont to buy-out 49% equity in RLG Retail from Navratna. The AZB team was led by Partner Darshika Kothari.

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