IFLR1000

Virtuous Retail $121 million acquisition of 49% of NDMMPL

17/4/2018
Private acquisition
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$ 121 million

Announced

17/4/2018

Overview:

  • Virtuous Retail has acquired 49% of NDMMPL for $121 million.
  • Acquired were approximately 32.7 million equity shares from the North Delhi Metro Mall. 
  • The Dutch pension fund manager is planning to develop a premium retail facility.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Consumer goods and services

Firm:
AZB & Partners

Party: Virtuous Retail South Asia (Acquirer)

Lawyer: Hardeep Sachdeva

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