divestment Archives

SAM advises REA Group on 100 % stake divestment in PropTiger by way of a Share Swap

Shardul Amarchand Mangaldas & Co. acted as legal counsel to the REA Group in relation to its strategic divestment of 100% stake held in PropTiger Marketing Services Private Limited to Aurum PropTech Limited , an Indian listed entity.

Case Briefs High Courts

Delhi High Court dismisses PIL by Subramanian Swamy against Union approval for JV partnership between Air Asia Investments Ltd and Tata Sons

The Union decision is contrary to the FDI Policy of the Government of India and contrary to the guidelines laid down by the Union Ministry of Civil Aviation.

Case Briefs High Courts

Bombay High Court dismisses petition by Air India Employees Union alleging their ‘right to occupy’ allotted accommodations after privatization

Bombay High Court observed that if such a small number of employees continue to hold on to the accommodations, the AIAHCL will not be able to monetize the land to reduce the burden of debt AIL put on it.