Press Release: Vardhman Yarns and Threads : Shardul Amarchand Mangaldas Co. Advises Vardhaman Textiles Limited on Sale of 40% Stake in Vardhaman Yarns and Threads Limited to U.S. Based Joint Venture Partner American Efird Global LLC

Shardul Amarchand Mangaldas & Co (SAM & Co) acted as the legal advisor to Vardhman Textiles Limited in relation to the sale of its 40% stake in Vardhaman Yarns and Threads Limited to its U.S. based joint venture partner American &Efird Global, LLC(A&E Global). Vardhman Yarns and Threads Limited is India's second-largest manufacturer and distributor