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Spencer’s Retail Limited, part of the RP Sanjiv Goenka Group, is acquiring 100% in Nature’s Basket Limited from its parent company, Godrej Industries Limited for Rs. 300 crore.
The Godrej in house legal team, comprising Pankaj Phadnis and Shrenik Jain was supported by Trilegal. The Trilegal team was led by partner Kunal Chandra and senior associate Akshat Shrivastava.
Khaitan & Co acted for Spencer’s Retail Limited, led by partners Ashraya Rao and Surbhi Kejriwal and senior associate Ayush Nanda.
The deal will give Spencer’s access to 36 Nature’s Basket stores in prime locations of Mumbai, Pune and Bangalore. The Kolkata-based retail chain will also get access to Nature’s Basket’s online platform, reported Mint.