Cyril Amarchand Mangaldas advised Morgan Stanley India Capital Private Limited (Morgan Stanley), in relation to the sale of equity shares of Zomato Limited (Zomato)by Alipay Singapore Holdings Pte. Ltd (an Alibaba Group entity) on the screen based trading platform of the BSE and the NSE. This transaction comprised a sale of about 3% stake in Zomato Limited. Morgan Stanley acted as the Broker to Alipay Singapore.
The Capital Markets Practice of Cyril Amarchand Mangaldas advised Morgan Stanley on the transaction. The transaction team was led by team was led by Gokul Rajan, Partner & Regional Head Markets Practice (North); with support from Anuj Pethia, Consultant.
The Transaction involved the sale of 262,873,507 equity shares of Zomato Limited by Alipay Singapore Holdings Pte. Ltd (an Alibaba group entity), by way of a share sale on the screen-based trading platform of the stock exchanges.
Other Parties and Advisors to the transaction included and Latham and Watkins LLP (acted as international legal counsel for Morgan Stanley).
The transaction was signed on 29th November 2022; and was closed on 2nd December 2022.
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.
