J. Sagar Associates advised PVR Limited in buying back the entire equity and preference share capital held by private equity firm L Capital Asia in PVR Leisure, for an undisclosed amount. .In 2012, L Capital Eco, a subsidiary of private equity fund L Capital Asia, had signed an agreement to invest 108 crore ($19.26 million) in PVR’s cinema exhibition and in-mall entertainment business. That transaction was also advised by JSA and AZB & Partners..The JSA team included Partner Sidharrth Shankar and Associates, Shantanu Jindel and Priyam Singh..AZB & Partners advised L Capital with a team led by Delhi Partners Vinati Kastia along with Senior Associate Shiladitya Banerjee..This is L Capital’s first exit from the Indian market. It has earlier invested in Fabindia in March 2012, advised by AZB and Luthra & Luthra, as well as Genesis Luxury Fashion in October 2011 advised by AZB and Amarchand Mangaldas.
J. Sagar Associates advised PVR Limited in buying back the entire equity and preference share capital held by private equity firm L Capital Asia in PVR Leisure, for an undisclosed amount. .In 2012, L Capital Eco, a subsidiary of private equity fund L Capital Asia, had signed an agreement to invest 108 crore ($19.26 million) in PVR’s cinema exhibition and in-mall entertainment business. That transaction was also advised by JSA and AZB & Partners..The JSA team included Partner Sidharrth Shankar and Associates, Shantanu Jindel and Priyam Singh..AZB & Partners advised L Capital with a team led by Delhi Partners Vinati Kastia along with Senior Associate Shiladitya Banerjee..This is L Capital’s first exit from the Indian market. It has earlier invested in Fabindia in March 2012, advised by AZB and Luthra & Luthra, as well as Genesis Luxury Fashion in October 2011 advised by AZB and Amarchand Mangaldas.