AZB & Partners and Cleary Gottlieb Steen & Hamilton have advised GlaxoSmithKline (GSK) on the $3.4 billion sale of its entire stake in India’s Hindustan Unilever, with Latham & Watkins representing the placement agents.

According to Reuters, this marks India’s largest secondary market block trade, and the tenth-largest globally. GSK, which owned a 5.7 percent stake in Hindustan Unilever is looking to split into two entities. 

The AZB team was led by partners Vinati Kastia, Daksh Trivedi, Ajay Bahl and Ankit Tandon.

A Latham & Watkins team led by partners Rajiv Gupta and Jiyeon Lee-Lim advised Morgan Stanley India Company, J.P. Morgan India and HSBC Securities and Capital Markets (India).

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com. 

Related Articles

Vietnam’s Asia Counsel forms European alliance, hires partner from rival

by Nimitt Dixit |

Vietnamese boutique Asia Counsel has announced that it has entered into an alliance with European law firm Kinstellar, and also hired M&A veteran Justin Gisz as a partner from local rival Frasers Law Company.

COUNTRY REPORT (Middle East): Pivot to Asia

by Nimitt Dixit |

The Middle East’s economic ties with emerging Asian economies is on the rise as M&A and sovereign investments between the regions drive growth. However, Asian law firms and lawyers are struggling to compete in an overcrowded legal market. 

SG: Greenberg lures over KWM South/Southeast Asia M&A head

by Nimitt Dixit |

U.S. law firm Greenberg Traurig has added another shareholder to its recently launched Singapore office after hiring Jake Robson to co-lead the office and head its South and Southeast Asia M&A practice. Robson joins from King & Wood Mallesons, where he held a similar role.