BDA Advises Clovia on Sale to Reliance Retail
Summary
New York, NY, March 22, 2022 --( PR.com )-- BDA Partners is pleased to announce that its client, Purple Panda Fashions Pvt Ltd (doing business as “Clovia”) has sold majority stake to Reliance Retail Ventures Ltd (“RRVL”). This landmark transaction shows BDA’s ability to provide an optimal solution for all stakeholders, raising growth capital, and facilitating secondary stake sales. We look forward to assisting other digitally native brands to develop, grow and evolve.”BDA teamEuan Rellie, Managing Partner, New YorkKumar Mahtani, Managing Director, MumbaiKaren Cheung, Managing Director, Hong KongAditya Jaju, Vice President, MumbaiShefali Pereira, Associate, MumbaiSwati Narayan, Analyst, MumbaiAbout Reliance Retail Ventures Limited (RRVL)RRVL is a subsidiary of Reliance Industries Limited and holding company of the retail companies under the RIL Group. We are a premium provider of Asia-related advice to sophisticated clients globally, with 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo.