Shardul Amarchand Mangaldas Advises PVR Limited on Strategic Partnership with iPic-Gold Class Entertainment, LLC

December 03, 2017 10:12 AM PST | By NewsVoir

Google News:

Shardul Amarchand Mangaldas Advises PVR Limited on Strategic Partnership with iPic-Gold Class Entertainment, LLC — Image source: Kalkine Media

Recent News

Estée Lauder (NYSE:EL) Stock Gains As Leadership Strategy NYSE Composi...

Oceaneering International Earnings Growth Shows Positive Signs for (NY...

JPMorgan (NYSE:JPM) Chase Fixed Strengthen Experience Dow Jones Indust...

Realty Strengthens (NYSE:O) Financial Position NYSE Composite

Shardul Amarchand Mangaldas advised PVR Limited in relation to strategic partnership between PVR Limited and iPic-Gold Class Entertainment, LLC (IPIC). IPIC is Americas premier luxury restaurant - and - theater company. The partnership with IPIC will give PVR valuable exposure in the cinema exhibition market of USA. IPIC's current shareholders include iPic Holdings, LLC, Village Roadshow (Australia's largest cinema exhibitor), Regal Cinemas (one of USA's largest cinema exhibition chain) and Retirement System of Alabama (a large state pension fund).

The General Corporate Team of Shardul Amarchand Mangaldas acted as the advisor to PVR under Indian laws and was involved in structuring of the transaction, drafting, reviewing and negotiating the transaction documents and general corporate advisory, including advice on overseas direct investment laws of India. The Transaction team was led by Ms. Akila Agrawal; Partner, and included Ms. Megha Bhargava; Principal Associate and Mr. Akshay; Associate.

As a part of the transaction, PVR Limited is acquiring a minority stake in IPIC. In addition, IPIC has agreed to appoint Mr. Ajay Bijli, Chairman and Managing Director of PVR, to its Board of Directors.

Other advisors to the transaction were Fried, Frank, Harris, Shriver & Jacobson LLP (legal advisor to IPIC); and Eckert Seamans Cherin & Mellott, LLC (legal advisor to PVR under US laws)

The deal was signed on November 27, 2017 and the transaction is expected to close in the next 1-2 weeks.

About Shardul Amarchand Mangaldas & Co.

Shardul Amarchand Mangaldas & Co. (SAM & Co.), founded on almost a century of legal achievement, is one of India's leading full-service law firms. The firm's mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.

We have a Pan-India presence and we have been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 521 lawyers, including 103 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.