Reliance Industries (Reliance) had on April 16, 2010 announced that it would acquire a controlling stake in the Captain Gopinath founded Deccan 360, an air-cargo company..Reliance Retail, a subsidiary of Reliance has become a major player in the retail sector with stores in over 200 cities. Reliance favourite, AZB & Partners with Partner Shuva Mandal advised the petroleum major. This deal is in a long line of matters in which the firm has assisted Reliance..The firm is currently in the process of drafting and negotiating agreements related to the transaction including subscription agreements and a shareholders’ agreement..A wholly owned subsidiary of Reliance will be acquiring the stake in Deccan 360 a company started by Gopinath with his personal money, which he raked in when he sold Air Deccan to Kingfisher Airlines.
Reliance Industries (Reliance) had on April 16, 2010 announced that it would acquire a controlling stake in the Captain Gopinath founded Deccan 360, an air-cargo company..Reliance Retail, a subsidiary of Reliance has become a major player in the retail sector with stores in over 200 cities. Reliance favourite, AZB & Partners with Partner Shuva Mandal advised the petroleum major. This deal is in a long line of matters in which the firm has assisted Reliance..The firm is currently in the process of drafting and negotiating agreements related to the transaction including subscription agreements and a shareholders’ agreement..A wholly owned subsidiary of Reliance will be acquiring the stake in Deccan 360 a company started by Gopinath with his personal money, which he raked in when he sold Air Deccan to Kingfisher Airlines.