Cyril Amarchand Mangaldas advised Goldman Sachs (India) Securities Private Limited (Goldman Sachs), the sole broker, in relation to the sale of shares of Dabur India Limited (Dabur India) by Gyan Enterprises Private Limited and Chowdry Associates for a reported aggregate amount of INR 978 crores.
The Capital Markets Practice of Cyril Amarchand Mangaldas advised Goldman Sachs on the transaction. The transaction team was led by Gokul Rajan, Partner & Head – Northern Region Markets Practice; with support from Anuj Pethia, Consultant, and Manthan Nagpal, Associate.
The Transaction involved the sale of 17,716,000 equity shares of Dabur India by Gyan Enterprises Private Limited and Chowdry Associates (both promoter entities) by way of a share sale on the screen-based trading platform of BSE and NSE.
Other Parties and Advisors to the transaction included Freshfields Bruckhaus Deringer LLP (acted as international legal counsel to the broker).
The Transaction was signed on 19th December 2022; and closed on 22nd January 2023.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
