Khaitan & Co has advised Spencers’ Retail Ltd in relation to acquisition of 100 per cent stake in Omnipresent Retail India Private Ltd.
Spencer’s Retail Ltd, part of the INR14000 crores RP Sanjiv Goenka Group, is a multi-format retailer providing a wide range of quality products across categories such as food, personal care, fashion, home essentials, electrical and electronics to its key consumers.
The core transaction team included Ashish Razdan, partner; Alok Sonker, senior associate; Sunayana Bose, associate and Abir Sarkar, associate; with assistance from Daksha Baxi, executive director; Shabnam Shaikh, senior associate and Surajkumar Shetty, senior associate on the direct tax aspects and Shailendra Bhandare, principal associate and Alisha Ganjawala, associate on the intellectual property aspects.