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.
Freshies, CAM, AZB act on $488 mln Swiss-India insurance deal
Freshfields Bruckhaus Deringer, Cyril Amarchand Mangaldas and AZB & Partners have advised on Zurich Insurance Company’s $488 million acquisition of a majority stake in Kotak Mahindra General Insurance Company from Kotak Mahindra Bank.
Latham, Skadden lead on J&T Global Express’ $501 mln HK IPO
U.S. law firm Latham & Watkins and the PRC’s DaHui Lawyers have advised Asian courier service group J&T Global Express on its $501 million initial public offering on the Hong Kong Stock Exchange (HKEX), the second-largest listing on the bourse this year.
CAM, AZB, Hogan Lovells act on first-of-its-kind India QIP
Indian law firms Cyril Amarchand Mangaldas and AZB & Partners and global law firm Hogan Lovells have advised on non-banking financial company Cholamandalam Investment and Finance’s $480 million qualified institutional placement (QIP).