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Petroleum Trust stake sale

US$750.00 m
  • Entry date - Thursday, 14 January 2010
  • Jurisdiction - India
  • Practice - Equity Market
  • Reliance Industries' Petroleum Trust in block trade share issue

  • Firm
    Davis Polk & Wardwell
  • Client
    Petroleum Trust
  • Lead Lawyers
    Kirtee Kapoor
  • Role
    Counsel to issuer


DEAL SUMMARY

  • Reliance Industries'' Petroleum Trust in block trade share issue of 33m equity shares of Reliance Industries

  • UBS Securities India Private Limited acted as broker for the transaction.

  • Petroleum Trust formed in 2002 as part of scheme of amalgamation of Reliance Petroleum with Reliance Industries.

  • Third stake sale by Petroleum Trust in RIL



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