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Private Equity firm Samara Capital is buying the express logistics company Spoton Logistics for Rs. 550 crore from another PE firm India Equity Partners (IEP).
Economic Laws Practice acted for Samara Capital and the team was led by Partner Darshan Upadhyay along with Associate Partner Amruta Kelker and Associate Sreshtha Goyal.
AZB & Partners advised India Equity Partners with a team led by Partner Sai Krishna Bharathan and Senior Associate Shivani Kabra together with Counsel Pallavi Satpute and Associate Ambika Khanna.
Spoton’s acquisition is a part of Samara’s plan to create a retail ecosystem that the Mauritius-based PE firm would require if it is successful in acquiring the More supermarket chain from Aditya Birla Group, reported ET.