Cotonificio Honegger S.p.A., Italy has divested its entire stake in ‘Raymond Luxury Cottons Limited’, a joint venture with Raymond Limited.

The joint venture is in the business of high-value cotton shirting and has manufacturing facilities in Kolhapur and Amravati in Maharashtra.

Luthra and Luthra Law Offices India represented and advised Cotonificio in this deal.

The transaction team consisted of Sanjay Kumar (Litigation Partner), Harish Kumar (Corporate Partner), Abhishek Kumar Singh (Managing Associate), Itee Singhal (Managing Associate) and Nupur Gupta (Associate).

Shardul Amarchand Mangaldas advised Raymond Limited and the joint venture entity on Indian legal aspects

Gianni & Origoni advised Raymond Limited and the joint venture entity on matters relating to Italian law.

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