Cyril Amarchand Mangaldas acts on Aditya Group’s apparels business merger
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Cyril Amarchand Mangaldas acts on Aditya Group’s apparels business merger

Pallavi Saluja

Cyril Amarchand Mangaldas advised the Aditya Birla Group on restructuring of its retail business by merging Aditya Birla Nuvo’s Madura Fashion and Lifestyle with Pantaloon Fashion and Retail.

This will create the country’s largest branded apparel company by sales and number of stores, reports ET.

The Cyril Amarchand Mangaldas team was led by Managing Partner Cyril Shroff along with Partners Nivedita Rao and Gurpreet Vasir Ashar.

Competition Partner Nisha Kaur Uberoi, Litigation Partner Sharad Mathkar and Tax Partner SR Patnaik also advised on the deal.

Pantaloon, which will be renamed Aditya Birla Fashion & Retail, will have a combined turnover of around 5,290 crore with an operating profit of 493 crore, according to ET.

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