Cyril Amarchand Mangaldas advises the placement agents in relation to the sale of shares of InterGlobe Aviation by Shobha Gangwal

ANI PR Wire
27 Mar 2023, 18:30 GMT+10

Mumbai (Maharashtra)/ New Delhi [India], March 27 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Goldman Sachs (India) Securities Private Limited (Goldman Sachs), J.P. Morgan India Private Limited (JP Morgan) and Morgan Stanley India Company Private Limited (Morgan Stanley); (collectively "the Placement Agents") in relation to the sale of shares of InterGlobe Aviation Limited by Shobha Gangwal.

The Capital Markets Practice of Cyril Amarchand Mangaldas advised the Placement Agents on the transaction. The transaction team was led by Gokul Rajan, Partner & Head - Norther Region Markets Practice; with support from Anuj Pethia, Consultant, and Adwait Deshmukh, Trainee-Legal.

As a part of the transaction, the Placement Agents facilitated the sale of 15.6 million shares of InterGlobe Aviation Limited, by Shobha Gangwal, wife of Mr. Rakesh Gangwal, the co-founder and promoter of InterGlobe Aviation Limited, through a share sale on the stock exchanges.

The reported aggregate value of the transaction is INR 2944 crore.

Other Parties and Advisors to the transaction included Latham & Watkins LLP (acted as international legal counsel for banks).

The Transaction was signed on 15th February 2023; and closed on 17th February 2023.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.

More Information

null in null

International

Section

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

COVID-19 source still unknown, says WHO panel

]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...

Fox faces $787 million lawsuit from Newsom over Trump phone call

DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Canadian option offered to Harvard graduates facing US visa issues

TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...

Israel should act fast on new peace deals, Netanyahu says

JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...

Sports

Section