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India’s Supreme Court recently upheld a lower tribunal’s verdict approving UltraTech Cement’s $1.1 billion offer for indebted Binani Cement Ltd. UltraTech had lost out initially to a bid from a Bain Capital Credit-backed consortium, only to return with an upgraded proposal that was challenged as being late and made once the details of the rival offer were known. Lawyers in India offer their views on what this could mean.
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Sidley, A&G, Links advise on $2.5 bln sale of SG building to Qatar fund, Wong & Partners, Cheang & Ariff on Zurich Insurance’s takaful buy, and more in this week’s Southeast Asia deals table.
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AZB & Partners advises Dr. Lal PathLabs on its $99 mln IPO, Latham & Watkins represents Ctrip on its $180 mln investment in MakeMyTrip, and many more in this week's Southeast Asia deals table.
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AZB advises Housing Development Finance’s QIPs of NCDs and warrants, J. Sagar and Khaitan on Nippon Life Insurance’s purchase of a 14% stake in Reliance Capital Asset Management for $184 million, and many more in this week’s Southeast Asia deals table.
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Cravath, Swaine & Moore, Majmudar & Partners and White & Case star in Anthem’s $54.2 billion purchase of Cigna Corp, Khaitan & Co and Shardul Amarchand Mangaldas advise on the NDA government’s $1.4 billion sale of a 10 percent stake in Indian Oil Corp Ltd, Clifford Chance represents Mitsubishi on a $1.1 billion deal to acquire a strategic stake in Olam International, and more in this week’s Southeast Asia Deals table.
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AZB & Partners represents Lafarge India on the sale of its cement plants to Birla Corp, Shardul Amarchand Mangaldas advises BMT Group on its purchase of a controlling stake in Involute Technologies, and more in this week’s Southeast Asia Deals table.
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Khaitan & Co acts on the sale of IL&FS Milestone and Hindustan Construction Company’s stake in VCCPL to Blackstone, Allen & Gledhill guides East Coast (Cecil) Invesment on the divestment of an office building, WongPartnership advises on the establishment of a number of multi-currency debt issuance programmes, and more in this week’s Southeast Asia Deals table.
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JSA helps Reliance get a $1 bln loan, Clifford Chance assists Reliance in offering a $300 mln bond and NRF guides Korea Eximbank’s investment in Indonesia power plant, and much more.