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Khaitan & Co acted as legal counsel to HSBC Securities and Capital Markets (India) and JM Financial in connection with the sale of 60,540,646 equity shares of Tenneco Clean Air India Limited for a consideration of INR 2,078.50 crore.
The transaction was led by Aashima Johur, Partner; with support from Medhashree Verma, Senior Associate.
The S&R team was led by partner Jabarati Chandra, and included associate Ayushi Shrivastava.
Cyril Amarchand Mangaldas advised Elevation Capital V Limited, SAIF III Mauritius Company Ltd. and SAIF Partners India IV Ltd. on the block sale of equity shares of One97 Communications Ltd.
Antfin (Netherlands) Holding B.V., a major shareholder in One97 Communications , the parent company of Paytm , has sold its entire remaining stake in the company.