news

Indian law firm Cyril Amarchand Mangaldas has advised BNP Paribas in relation to its exit from brokerage unit Sharekhan Group by way of a 100 percent stake sale to Korean investment banking and brokerage firm Mirae Asset Group for $370 million.

Mirae Asset is acquiring a 72.8% stake in Sharekhan for around 288 billion won ($220 million) from BNP Paribas. Separately, it would also be acquiring a 99.9 percent stake in India's Human Value Developers for around 199 billion won. Human Value Developers owns a 27.24 percent stake in Sharekhan.

The transaction team at CAM was led by partners Shishir Vayttaden and K Aishwarya. Partners Arun Prabhu and Anirban Mohapatra advised on technology, privacy and intellectual property-related issues. Employment partner Ankita Ray, real estate partner Rishiraj Bhatt, antitrust partner Kirthi Srinivas, tax partner SR Patnaik and financing partner Subhojit Sadhu also supported the deal.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

Latham, Wachtell, Debevoise act on $3.4 bln Nippon AIG deal

by Nimitt Dixit |

U.S. law firm Latham & Watkins has advised Japan’s largest insurance provider, Nippon Life Insurance, on its agreement to acquire 20 percent stake in Corebridge Financial, a retirement solutions and investment products company, from American Insurance Group (AIG) for $3.84 billion.

Deals

Latham acts on Shell SG refinery, petrochemical asset sale

by Nimitt Dixit |

U.S. law firm Latham & Watkins has advised PT Chandra Asri Pacific, Indonesia's largest chemical and infrastructure solutions company, as part of a consortium buying Shell Energy and Chemicals Park Singapore (SECP) from Shell Singapore.

Deals

CAM, Trilegal, Anagram act on Warburg’s largest India investment to date

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised PE firm Warburg Pincus on its acquisition of housing finance company Shriram Housing Finance (SHF) for 46.3 billion rupees ($556 mln) from Shriram Finance and Valiant Partners.