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.