Shardul Amarchand Mangaldas advised Raymond Limited (“Raymond”) and Raymond Luxury Cottons Limited (“RLCL”) as a part of the buy-back process of RLCL to buy back the entire shareholding of Bankruptcy Cotonificio Honegger S.P.A., Italy in RLCL. Consequently, RLCL became a wholly owned subsidiary of Raymond w.e.f. April 28, 2023.
The transaction team was led by Anuj Bhasme, Partner; Avichal Mathur, Principal Associate; and Aakash Rao, Associate. The litigation team was led by Lalan Gupta, Partner; Atika Vaz, Principal Associate; and Rohit Iyengar, Associate. Akshay Chudasama, Managing Partner, provided key strategic inputs.
Raymond and RLCL were also advised by Gianni & Origoni on matters relating to Italian law.
Luthra and Luthra advised Bankruptcy Cotonificio Honegger S.P.A. on the legal aspects.
About Shardul Amarchand Mangaldas & Co.:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, SAM has around 750 lawyers including 158 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
