Shardul Amarchand Mangaldas & Co. advised HDFC Bank to provide financial assistances to Good Host Spaces (Sonipat) Private Limited to acquire the hostels with the underlying assets of O.P. Jindal Global University. The date of closing was 31 March 2020.   The SAM & Co. transaction team was led by Debashree Dutta, Partner; Arijit Sarkar,… Read More +

Shardul Amarchand Mangaldas & Co advised VE Commercial Vehicles Limited (a joint venture between Eicher Motors Limited (EML) and Volvo Group; and an unlisted material subsidiary of EML) in relation to acquisition of the Volvo bus business of Volvo Group India Private Limited, on slump sale basis. The deal was signed on August 12, 2020… Read More +

Shardul Amarchand Mangaldas & Co (SAM & Co.) acted as the domestic legal counsel to the rights issue undertaken by PVR Limited for the issuance of 38,23,872 equity shares of face value of ₹ 10 each (“Rights Equity Shares”) for cash at a price of ₹ 784 per rights equity share aggregating to ₹ 299.79… Read More +

Shardul Amarchand Mangaldas & Co (SAM & Co) advised ACME Solar Holdings Ltd in divestment of 100% of its stake in 400MW operational solar projects located in Madhya Pradesh and Andhra Pradesh to Actis Greengen Limited. The entire divestment transaction was completed on 6 August, 2020.   This is one of the largest deals in… Read More +

Shardul Amarchand Mangaldas & Co advised IDBI Bank Limited in relation to the proposed sale of up to 27% stake of IDBI Federal Life Insurance Company Limited (IFLI) to its joint venture partners Ageas Insurance International NV (23% stake) and Federal Bank Limited (upto 4% stake).   IDBI Bank currently holds 48% stake in IFLI.… Read More +