Cyril Amarchand Mangaldas advised J.P. Morgan India Private Limited (J.P. Morgan), the broker, in relation to block sale of shares of Samvardhana Motherson International Limited (Motherson), with reported aggregating value of INR 1612 crores.
The Capital Markets Practice of Cyril Amarchand Mangaldas advised J.P. Morgan on the transaction. The transaction team was led by Abhinav Kumar, Partner& Regional Head Markets Practice (Western Region); with support from Aashima Johur, Principal Associate.
As a part of the transaction, by Sumitomo Wiring Systems sold 230,000,000 equity shares of Motherson, by way of a share sale on the screen-based trading platform of BSE Limited and National Stock Exchange of India Limited. This comprised a sale of 3.4% stake by Sumitomo Wiring Systems in Motherson for a reported aggregate amount of Rs. 1612 crore.
Other Parties and Advisors to the transaction included Ashurst LLP, U.S. (acted as international legal counsel for broker).
The Transaction was signed on 15th March 2023; and closed on 16th March 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.