Vardhman Textiles Limited has sold its 40% stake in Vardhman Yarns and Threads Limited to its U.S. based joint venture partner American & Efird Global, LLC (A&E Global)..Shardul Amarchand Mangaldas advised Vardhman Textiles. The M&A Team included Partner Gunjan Shah, Principal Associate Anuj Trivedi, and Associate Vipin Sharma. The Competition Law team was led by Partner Manika Brar, and included Senior Associate Rohan Arora and Associate Karan Latayan..J. Sagar Associates acted as Indian legal counsel for A&E Global through a team led by Partner Sandeep Mehta along with Principal Associate Malav Shah, Senior Associates Mitesh Shah and Adil Ladha and Associate Prannoy Semwal..McGuireWoods LLP advised A&E Global as US counsel through a team led by Partner Harrison L. Marshall Jr..After the completion of the transaction, A&E will hold 89% of the equity stake in Vardhman Yarns, up from its 49% stake, which it had acquired in 2008, reports Mint.
Vardhman Textiles Limited has sold its 40% stake in Vardhman Yarns and Threads Limited to its U.S. based joint venture partner American & Efird Global, LLC (A&E Global)..Shardul Amarchand Mangaldas advised Vardhman Textiles. The M&A Team included Partner Gunjan Shah, Principal Associate Anuj Trivedi, and Associate Vipin Sharma. The Competition Law team was led by Partner Manika Brar, and included Senior Associate Rohan Arora and Associate Karan Latayan..J. Sagar Associates acted as Indian legal counsel for A&E Global through a team led by Partner Sandeep Mehta along with Principal Associate Malav Shah, Senior Associates Mitesh Shah and Adil Ladha and Associate Prannoy Semwal..McGuireWoods LLP advised A&E Global as US counsel through a team led by Partner Harrison L. Marshall Jr..After the completion of the transaction, A&E will hold 89% of the equity stake in Vardhman Yarns, up from its 49% stake, which it had acquired in 2008, reports Mint.