Reliance Capital Asset Management (RCAM), a part of Anil Ambani-led Reliance Capital, has acquired Goldman Sachs Asset Management’s (GSAM) onshore asset management business in India for Rs. 243 crore ($37.5 million) in cash..Luthra & Luthra acted for RCAM with a team led by Partner Bikash Jhawar wlong with Associates Avinash Subramanian, Devangshu Nath and Harsh Khemka..Luthra Partners G. R. Bhatia and Abdullah Hussain along with Managing Associate Kanika Chaudhary Nayar, Senior Associate Deeksha Manchanda and Associate Jahnavi Mitra advised on competition related matters..AZB & Partners acted for Goldman Sachs with a team led by Partners Darshika Kothari and Rushab Maniar.
Reliance Capital Asset Management (RCAM), a part of Anil Ambani-led Reliance Capital, has acquired Goldman Sachs Asset Management’s (GSAM) onshore asset management business in India for Rs. 243 crore ($37.5 million) in cash..Luthra & Luthra acted for RCAM with a team led by Partner Bikash Jhawar wlong with Associates Avinash Subramanian, Devangshu Nath and Harsh Khemka..Luthra Partners G. R. Bhatia and Abdullah Hussain along with Managing Associate Kanika Chaudhary Nayar, Senior Associate Deeksha Manchanda and Associate Jahnavi Mitra advised on competition related matters..AZB & Partners acted for Goldman Sachs with a team led by Partners Darshika Kothari and Rushab Maniar.