Shardul Amarchand Mangaldas and Co. advises brokers in relation to Rs. 1,670 crore OFS of Bharat Electronics Limited
New Delhi [India], Mar 9 (ANI-NewsVoir): Shardul Amarchand Mangaldas and Co. (SAM and Co.) acted as legal counsel to SBI Capital Markets Limited, Deutsche Equities India Private Limited, ICICI Securities Limited and Edelweiss Securities Limited (collectively the "Seller's Brokers") in an offer for sale through the stock exchange mechanism (OFS) involving a sale of up to 11,168,139 equity shares of face value of RS. 10 each, representing five percent of the paid up equity share capital of Bharat Electronics Limited. The floor price for the equity shares was Rs. 1,498 and the OFS took place on February 22, 2017 and February 23, 2017.
The SAM and Co. Capital Markets Team was led by Sayantan Dutta, Partner and comprised Shraddha Krishnan Dash, Senior Associate; and Trishita Dasgupta, Associate.
Other advisors in the transaction were Cyril Amarchand Mangaldas (Legal counsel to the Seller as to Indian Law), Dorsey and Whitney, LLP (International legal counsel to the Seller) and Jones Day (International legal counsel to the Seller's Brokers).
The value of the deal is approximately Rs. 1,670 crore. (ANI-NewsVoir)