United Arab Emirates-based National Bank of Ras Al Khaimah (RAKBANK) is looking to acquire a majority stake in Ras Al Khaimah National Insurance Co, the lender said on Thursday.
RAKBANK, the sixth-largest lender by market value on the Abu Dhabi bourse and 50 percent owned by the government, is talking to the country's markets regulator as well as Abu Dhabi exchange to ratify details and mechanism of the deal, it said in a bourse filing.
Shardul Amarchand Mangaldas & Co and Sidley Austin have advised their longstanding client Brookfield India Real Estate Trust (BIRET) on its $415 million equity offering through a qualified institutional placement of shares – the only QIP by an Indian REIT in 2024.
Global law firm Norton Rose Fulbright has advised Denmark’s Carlsberg Breweries on its $744 million acquisition of the remaining 33.33 percent stake in its Indian and Nepalese operations from partner CSAPL.
Indian law firm Shardul Amarchand Mangaldas & Co. and international law firm Herbert Smith Freehills have advised Jubilant Bhartia Group on its agreement with The Coca-Cola Company to acquire a 40 percent stake in Hindustan Coca-Cola Holdings for over $1 billion.