Luthra And Luthra Advised Cotonificio In Divestment Of Its Share In Raymond Luxury
LIVELAW NEWS NETWORK
29 May 2023 11:16 AM GMT
The Firm represented and advised its client, Cotonificio Honegger S.p.A., Italy (“Cotonificio”), in divesting its entire stake in ‘Raymond Luxury Cottons Limited’, a joint venture with Raymond Limited. The joint venture is in the business of high-value cotton shirting and has manufacturing facilities in Kolhapur and Amravati in Maharashtra.
Raymond Limited and the joint venture entity were advised by Gianni & Origoni on matters relating to Italian law, and by Shardul Amarchand Mangaldas on Indian legal aspects.
The transaction was jointly led by Sanjay Kumar (Litigation Partner) and Harish Kumar (Corporate Partner). They were ably assisted by Managing Associates - Abhishek Kumar Singh, Itee Singhal and Associate - Nupur Gupta.
