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The divestment was undertaken through on-market block trades on the stock exchanges pursuant to an accelerated bookbuild process, with the units acquired by a range of institutional investors.
Valued at approximately ₹3,030 crore (US$320 million), the sale was undertaken to facilitate compliance with the minimum public shareholding requirements prescribed under the Securities Contracts (Regulation) Rules, 1957 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
HCLTech is a leading global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.
The firm provided comprehensive transactional, structuring, and diligence support, marking AION’s full exit from Planetcast and its subsidiaries.
This comprised sale of 5.94 % stake by the Seller in the Company for a reported aggregate amount of INR 951.21 crores.
Shardul Amarchand Mangaldas & Co.acted as the legal advisor to Reddy Investment Trust on the sale of certain shares held by it in Aragen Life Sciences.
This transaction will allow the GMR Group to execute the proposed one-time settlement with the lenders of GMR Rajahmundry Energy Limited, reduce debt by INR 4,400 crore.
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.
CAM is representing Adani Enterprises Limited and Adani Commodities Limited on ACL’s sale of up to 20% of its shareholding, in AWL Agri Business Limited to Lence Pte. Ltd. a wholly owned subsidiary of Wilmar International Limited.