Scheme of arrangement among ABB India Limited, ABB Power Products and Systems India Limited (a wholly owned subsidiary of ABB India) (APPSIL) and their respective shareholders and creditors for the demerger of ABB India’s power grids business to APPSIL. Post sanction of the scheme of arrangement by the NCLT, Bengaluru Bench, the equity shares of APPSIL shall be listed on the stock exchanges. As consideration for the demerger, the shareholders of ABB India shall receive listed equity shares of APPSIL in accordance with the share entitlement ratio determined by independent valuer, according to reports about the internal restructuring.

Cyril Amarchand Mangaldas advised ABB India Limited and ABB Asea Brown Boveri Ltd led by a team of partner Shishir Vayttaden, partner Anand Jayachandran, partner Indranath Bishnu, principal associate Pranjita Barman, principal associate Vinamrata Shrivastava, principal associate Aditya Prasad, senior associate Soumyadipta Chanda.

2019-03-05

Deal value: USD 595 million

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