“US-based Avenue Capital to acquire 27% stake in Arcil: Six investors of Asset Reconstruction Company of India (Arcil) have agreed to sell their stakes to Avenue Capital, says Arcil CEO Vinayak Bahuguna,” reported Mint.

Shardul Amarchand Mangaldas & Co advised Avenue Capital (Avenue India Resurgence) led by a team of partner Sapan Gupta (national practice head, banking & finance), partner Abhinav Bhalaik; associate Tanvee Vasudevan, and associate Amrita Rana.

Update 10 January 2019: AZB & Partners advised Asset Reconstruction Company of India Limited (ARCIL) led by a team of partners Ashwin Ramanathan and Roxanne Anderson.

Update 15 May 2019: Desai & Diwanji advised existing investor GIC, the sovereign wealth fund of the Government of Singapore, led by a team including partner Sonal Rangnekar and associate Shreya Iyer.

2018-10-10

Deal value: Confidential

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