Reliance PE acquires stake in VVF Amarchand and AZB adviseOctober 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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