Shardul Amarchand Mangaldas advised KA Hospitality Private Limited on their 100% divestment to Aditya Birla New Age Hospitality Private Limited

August 11, 2023

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.