Veritas, Khaitan act on Aditya Birla Fashion acquiring 51% share capital of House of Masaba Lifestyle

Aditya Birla Fashion and Retail Limited has acquired 51% of the share capital of House of Masaba Lifestyle Private Limited for ₹90 crore.

Veritas Legal acted for, advised and assisted House of Masaba Lifestyle Private Limited and Ms Masaba Richards in relation to the transaction, including reviewing, revising and negotiating and finalizing the transaction documents (i.e., shareholders agreement, share subscription and purchase agreement, and employment agreement).

The team was led by Partner Kunal Doshi and comprised Senior Associate Karun Jhangiani and Associates Aditya Thakore and Freya Irani.

Khaitan & Co advised Aditya Birla Fashion and Retail Limited.

The core transaction team consisted of Kapish Mandhyan, Reshma Abraham, Sushmita Ravi, Madhav Chandan and Vedika Agarwal with assistance from the following:

Data Privacy aspects: Supratim Chakraborty, Sumantra Bose, Tashi Gyanee and Ribhu Mukherjee

Employment Law aspects: Deepak Kumar and Shreya Sukhtankar

Intellectual Property aspects: Shailendra Bhandare, Sourav Dan and Rhea Ghansani

Transaction Documentation assistance: Vasundhra Minocha

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