JSA, AZB act on Sterling’s $142m sale to Thomas Cook

Monday, 13 October 2014 By Legally India Corporate M&A

J Sagar Associates advised Bay Capital Investment Managers and the promoters of Sterling Holiday Resorts India on selling Sterling for Rs 870 crore to the Prem Watsa-backed Thomas Cook India, which was advised by AZB & Partners.

JSA Mumbai partners Sandeep Mehta and Rajesh Pal and senior associate Malav Shah acted for Bay Capital and Sterling’s promoters. AZB partner Ashwin Ramanathan, senior associate Bhavi Sanghvi and associate Rinki Ganguli acted for Thomas Cook.

This is Thomas Cook India’s second purchase after Ikya Human Solutions in February 2013 and marks its foray into the hospitality sector, reported the TOI.

J Sagar Associates (JSA)AZB & Partners

Comments

Anon 13 Oct 2014, 13:39
+3 -0
Isn't Bhavi a Partner?
Ha! 13 Oct 2014, 14:46
+0 -0
Kian, why is there no reference to the CCI order and penalty on Thomas Cook? And the appeal filed by them before COMPAT which is listed tomorrow!
AZB 13 Oct 2014, 20:30
+2 -1
What's the big deal in a wrong designation? Either you are Zia or you are non-Zia. Anyone who thinks otherwise has an inflated sense of self worth.
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