SAM, HSF guide BAT’s $2.1 bln ITC share sale
A woman poses with a cigarette in front of BAT (British American Tobacco) logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration
Indian law firm Shardul Amarchand Mangaldas & Co and Herbert Smith Freehills have guided British American Tobacco (BAT) on its $2.1 billion strategic divestment in Indian tobacco giant ITC.
…CAM, Khaitan act on India’s largest PE deal in microfinance
Indian law firm Cyril Amarchand Mangaldas has advised private equity firm Multiples in its investment in Aditya Birla Group’s microfinance non-banking financial company, Svatantra Microfin, which was represented by Khaitan & Co. Multiples, along with Advent International, will invest 19.3 billion rupees ($233 million).
Top Indian firms, Skadden, Cleary on $8.5 bln Disney-Reliance merger
Skadden, Arps, Slate, Meagher & Flom, Khaitan & Co, and Shardul Amarchand Mangaldas & Co are advising Reliance Industries and its media subsidiary Viacom18 on a planned $8.5 billion media merger with Walt Disney’s Star India.
Saraf, Dentons Link Legal, Hogan Lovells act on $260 mln IREDA IPO
Saraf and Partners has advised state-owned non-banking financial company Indian Renewable Energy Development Agency (IREDA) on its 21-billion-rupee ($260 million) IPO, with Hogan Lovells and Denton Link Legal representing the book running lead managers.
CAM, Khaitan guide Aditya Birla’s Grasim on $482 mln rights issue
Indian law firm Cyril Amarchand Mangaldas has guided the $482 million rights issue of Aditya Birla Group’s flagship company, Grasim Industries, with Khaitan & Co and Hogan Lovells advising the lead managers to the issue.
Trilegal, SAM act on $1 bln India toll road deal
Indian law firm Trilegal has guided infrastructure investment trust Highways Infrastructure Trust (HIT) on its approximately $1.08 billion acquisition of 12 road projects from PNC Infratech, which was advised by Shardul Amarchand Mangaldas.
Khaitan, Anagram guide Tata Consumer’s $615 mln FMCG acquisition
Indian law firm Khaitan & Co has advised Tata Consumer Products on its $615 million all-cash acquisition of Capital Foods, which was represented by Anagram Partners.
CAM, Bakers, A&O, AZB advise on $1 bln sale of Aster’s Gulf business
Indian law firm Cyril Amarchand Mangaldas has advised India’s Aster DM Healthcare on the sale of its Gulf Cooperation Council (GCC) business for $1 billion to a consortium led by UAE sovereign-owned private capital firm Fajr Capital and Affinity Holdings, a company held by Aster’s promoters.
CAM, S&R act on Tata Technologies’ planned $366 mln IPO
Cravath, Swaine & Moore and Cyril Amarchand Mangaldas are advising India’s Tata Technologies on its planned 30.4-billion-rupee ($366 million) initial public offering, with Latham & Watkins and S&R Associates acting for the bookrunning lead managers JM Financial and Citigroup Global Markets India.
India: AZB, Anagram advise on $530 mln microfinance merger
Mumbai-headquartered law firm AZB & Partners has advised India's AU Small Finance Bank on its 44.11-billion-rupee ($529.8 million) acquisition of peer Fincare Small Finance Bank, which was represented by Anagram Partners.