Shardul Amarchand Mangaldas advised KA Hospitality Private Limited founded by Mr. Kishor Bajaj, and operated and built by Ms. Karyna Bajaj, on their 100% divestment from the entity that holds the franchise rights for Hakkasan, Yauatcha and Nara Thai in India to Aditya Birla New Age Hospitality Private Limited. The date of closing the deal was 31 July 2023.
This transaction marks a substantial step in the AB group’s foray into the fine dining space.
The deal team was led by Roopal Kulsrestha, Partner; Meghna Nachappa, Principal Associate; Jatin Sharma, Associate and Pratiti Shah, Associate.
The advisory team was led by Divi Dutta, Partner; Punya Varma, Principal Associate; Anumeha Karnatak, Senior Associate; Mohona Thakur, Senior Associate; Veda Handa, Senior Associate; Asmita Hegde, Associate; Harsh Sahu, Associate and Navya Mehrotra, Associate.
Strategic guidance was provided by Akshay Chudasama, Managing Partner.
KPMG advised KA Hospitality Private Limited on the tax aspects.
Khaitan & Co. advised Aditya Birla New Age Hospitality Private Limited 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, the Firm has over 812 lawyers including 163 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.