Cyril Amarchand and AZB chew on Sharekhan's $312m buy-out by BNP

Friday, 31 July 2015 By Legally India Corporate M&A

Cyril Amarchand Mangaldas acted as legal counsel to BNP Paribas in its Rs 2,000 to 2,200 crore acquisition of Sharekhan, with AZB & Partners acting for the sellers.

J Sagar Associates (JSA) Mumbai partners Somasekhar Sundaresan, Vikram Raghani and Jamshed Bhumgara acted for the management shareholders of Sharekhan.

Cyril Amarchand Mangaldas Mumbai-based corporate partners Ashwath Rau and Shishir Vayttaden led the team for BNP. Senior advisor Anand Sinha, who was formerly deputy governor at the Reserve Bank of India (RBI), advised on regulatory aspects, while Bangalore-based employment partner Rashmi Pradeep assisted with labour law-related advice.

Tax advice was handled by Cyril Amarchand New Delhi-based tax partner SR Patnaik, while Mumbai-based partner Nisha Kaur Uberoi handled the competition law aspects.

AZB Mumbai-based partner Vaidhyanadhan Iyer acted for the multiple sellers.

The Rs 2,000 crore deal was signed on 30 July 2015 and is expected to close by 31 January 2016. The online share trading platform’s sale to BNP has been hailed as a vote of confidence in India’s equity market, reported Economic Times.

Cyril Amarchand MangaldasAZB & PartnersJ Sagar Associates (JSA)

Comments

Associates 31 Jul 2015, 14:30
+4 -0
AZB - Tulika Sinha and Molla Hassan
CAM - Kashish Bhatia
Scooter- 31 Jul 2015, 14:47
+2 -0
quite a star studded affair
Big Guns 31 Jul 2015, 16:50
+2 -0
Kian - why exclude JSA from the headline? Should ideally read: CAM, JSA and AZB unite forces...in India's largest stock broker investment
Of counsel 31 Jul 2015, 21:23
+3 -0
Gone are those days when Amarchand would only name partners who actually worked on the deal. These days even those attorneys are named who would have probably assisted on some 3/4 hours on the transaction!

This seems to be common across both amarchand! An obvious strategy to show 'bandwidth' to show to the outsiders!
Guest 1 Aug 2015, 01:54
+2 -0
Who did due diligence for BNP? Wasn't impending SEBI order which came yesterday identified as a red flag?
Ahani 2 Aug 2015, 06:22
+1 -0
This was Akshay Chuda's deal.
Commenting is closed for this article.