AZB acts on $419m BNP Paribas blocksale in SBI Life

Friday, 12 July 2019 By Legally India Capital Markets

BNP Paribas Cardif offloaded another 5.074 per cent stake in SBI Life Insurance through a block deal. — Hindu Business Line

AZB & Partners advised BNP Paribas Cardif led by a team of partners Rajendra Barot, Varoon Chandra, Lionel D’ Almeida and Arvind Ramesh, and senior associate Rutunjay Singh.

2019-02-21

Deal value: USD 419 Million / INR 29.3 Billion

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AZB & Partners

Comments

Seriously? 14 Jul 2019, 03:19
+5 -0
You report even the simplest of block trades if it’s AZB/ CAM, but don’t report a pref allotment if it’s Tier 2! There’s hardly any lawyering involved btw on trades like these - largely in the broker forte with standard trade agreements.
kianganz 14 Jul 2019, 18:42
+1 -0
Agree for the most part - which is why we have never previously covered block deals. However, we may start covering more and categorising these as a sub-section of capital markets activity and league tables, if there is enough meaningful activity. However, they won't be part of the M&A league tables.
Seriously? 16 Jul 2019, 03:35
+2 -0
Okay. Please do it across the board then
HK lawyer 14 Jul 2019, 14:12
+3 -0
This is how the league table ranking scam is being created. Big law is taking deal credit for mindless matters.
WTF 16 Jul 2019, 05:14
+2 -0
4 partners and 1 senior associate for a block sale deal. You sure its not block chain deal.
Commenting is closed for this article.