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Khaitan, L&L act on Aditya Birla fashion 51% acquisition in Shantanu & Nikhil
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Khaitan, L&L act on Aditya Birla fashion 51% acquisition in Shantanu & Nikhil

Bar & Bench

Aditya Birla Fashion and Retail Limited (ABFRL) has acquired 51 percent stake in Finesse International Design, that runs bespoke apparel retail brand Shantanu & Nikhil, for Rs 60 crore.

Khaitan & Co advised Aditya Birla and that team was led by Partner Vineet Shingal.

L&L Partners acted for Shantanu & Nikhil and the team was led by Partners Sundeep Dudeja and Vaibhav Kakkar along with Managing Associates Prashant Shah and Avisha Gupta and Associate Keshav Pareek.

Established in 2007, Finesse runs five stores selling ethnic apparel, footwear and accessories, with annual sales of Rs 35 crore. The acquisition is through a combination of primary equity infusion and secondary share purchase, reported ET.