Stratage Law Partners represented IvyCap in acquisition of Purple Panda Fashions Limited (Clovia) by Reliance Retail

Represented: Ivycap Ventures Trust and Ivycap Ventures Trust Fund II (IvyCap)

Total Deal Value in USD: 16.3 Million

Deal Makers

Partners: Shyam Pandya

Other Lawyers: Aasim Syed and Meha Patel

Stratage Law Partners represented IvyCap (largest shareholder in Purple Panda Fashions Private Limited) in 89% acquisition of Purple Panda Fashions (which is behind India’s D2C lingerie brand Clovia) by Reliance Retail Ventures Limited, an arm of Reliance Industries.


The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.

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