Shardul Amarchand Mangaldas & Co. Advises Brokers in Relation to Rs. 1,670 Crore OFS of Bharat Electronics Limited

Shardul Amarchand Mangaldas & Co. (SAM & Co.) acted as legal counsel to SBI Capital Markets Limited, Deutsche Equities India Private Limited, ICICI Securities Limited and Edelweiss Securities Limited (collectively the “Seller’s Brokers”) in an offer for sale through the stock exchange mechanism (OFS) involving a sale of up to 11,168,139 equity shares of face value of ₹ 10 each, representing 5% of the paid up equity share capital of Bharat Electronics Limited. The floor price for the equity shares was Rs. 1,498 and the OFS took place on February 22, 2017 and February 23, 2017.

The SAM & Co. Capital Markets Team was led by Mr. Sayantan Dutta, Partner and comprised Ms. Shraddha Krishnan Dash, Senior Associate; and Ms. Trishita Dasgupta, Associate.

Other advisors in the transaction were Cyril Amarchand Mangaldas (Legal counsel to the Seller as to Indian Law), Dorsey and Whitney, LLP (International legal counsel to the Seller) and Jones Day (International legal counsel to the Seller’s Brokers).

The value of the deal is approximately Rs. 1,670 crore.

About Shardul Amarchand Mangaldas & Co.

Founded in 2015, Shardul Amarchand Mangaldas & Co., is one of India’s leading law firms rated by International organisations, law directories and professional journals. As a full service law firm, it is renowned in the business community for its ability to enable business, its innovative solutions, its responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” with a legacy of 100 years.

The Firm has over 430 lawyers, including 89 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurgaon, Ahmedabad, Kolkata, Bangalore and Chennai.