Reliance PE acquires stake in VVF Amarchand and AZB advise

Bar & Bench October 19 2011

The private equity arm of Anil Ambani’s Reliance Capital has acquired a stake in Mumbai-based VVF for Rs. 136 crore ($ 27.5 million). The deal involved investment in different entities of the VVF group by a combination of equity shares and compulsorily convertible debentures.

Amarchand & Mangaldas advised Reliance Equity Advisors with a team led by Partner Ganesh Prasad along with Senior Associate Himanshu Dodeja.

AZB & Partners advised VVF with a team led by Partner Alka Nalavadi.

 

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