LegaLogic advised Agarwal Business House in acquisition of Crossword Bookstores from Shoppers Stop

LegaLogic advised Agarwal Business House in acquisition of Crossword Bookstores from Shoppers Stop

LegaLogic Consulting advised Agarwal Business House (http://www.agarwalpune.com/agarwal_business_house.html) in acquisition of Crossword Bookstores (https://www.crossword.in) from Shoppers Stop (https://www.shoppersstop.com) for INR 41.60 Crores.

Shoppers Stop, which operates over 80 department stores across India, sold its subsidiary Crossword Bookstores to Agarwal Business House (ABH. ABH will take over all the assets and the brand. Subject to receipt of necessary approvals, Shoppers Stop will divest 51% stake (expected to be completed within 15 days) and another 39% in the next 12 months.

https://www.moneycontrol.com/news/business/companies/crossword-bookstores-revival-agarwal-business-house-plans-big-7420881.html

LegaLogic (www.LegaLogic.co.in) was the sole legal counsel for Agarwal Business House and advised on deal structuring, due diligence, drafting, negotiation and finalization of deal documentation.

Team : Partner – Vikas Agarwal and Vivek Sadhale. Senior Legal Advisors – Siddhesh Iyer

Legal Advisor – Shikha Tripathi, Kunal Dodeja, Payal Sarda, Pranjal Pawar, Riya Jain, Tanvi Soman, Tanvi Garaty, and Vaibhavi Vaidya.

Commenting on the role of LegaLogic, Aakash Agarwal, Director of Agarwal Business House said,

“LegaLogic was our Legal Advisor & Representative for the acquisition of Crossword Bookstores from Shoppers Stop. It was a pleasure working with them, the entire team is very accessible & very thorough in their work. They are real experts in M&A matters. We could not have thought of anyone better to represent us. A big thank you to Vikas & team”