Plutus Investments and Holding Private Limited acquired Provogue (India) Limited for approximately INR 1 billion on May 12, 2023. Provogue is being acquired as a going concern after NCLT ordered its liquidation way back in October 2019 and received resolution plans from Donear and a consortium involving its former promoters, Nikhil Chaturvedi and Salil Chaturvedi. Hardeep Sachdeva, Priyamvada Shenoy and Ravi Bhasin of AZB & Partners actedas legal advisor to Plutus Investments and Holding Private Limited. Amit Gupta as the Provogue's resolution professional and liquidator was advised by law firm Chandhiok & Mahajan's, Pooja Mahajan. RBSA Capital Advisors LLP acted as financial advisor to Plutus Group.


Plutus Investments and Holding Private Limited completed the acquisition of Provogue (India) Limited on May 12, 2023.