Skip to main content
news
An IndiGo airlines passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International airport in Mumbai, India, May 29, 2023. REUTERS/Francis Mascarenhas

 

J. Sagar Associates has advised Interglobe Enterprises on a 2 percent divesture in low-cost Indian airline IndiGo for 33.6 billion rupees ($401 million). Citigroup, which bought IndiGo shares worth 13.6 billion rupees via the open market, was advised by IndusLaw and A&O Shearman.

According to BSE, InterGlobe Enterprises sold 7,719,573 equity shares, amounting to a 1.99 percent stake in InterGlobe Aviation, which operates IndiGo. After the stake sale, the shareholding of InterGlobe Enterprises in the company reduced to 35.76 percent from 37.75 percent.

The JSA team included partners Madhurima Mukherjee Saha and Shivali Singh, and associate Rishika Kharbanda.

IndusLaw’s team comprised partners Vishal Yaduvanshi and Priyadarshini Rao, and included associate Abishek Sankar.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

NO&T, STB, AMT, Davis Polk advise on Japan's biggest IPO in 6 years

by Asian Legal Business《亚洲法律杂志》 |

Nagashima Ohno & Tsunematsu and Simpson Thacher & Bartlett have advised Tokyo Metro on its 348.6 billion yen ($2.3 billion) initial public offering, Japan's largest in six years.

Deals

CAM, Trilegal act on Adani’s latest $500mln QIP

by Nimitt Dixit |

Cyril Amarchand Mangaldas has represented Adani Enterprises, the Adani Group’s flagship entity, on its $500 million qualified institutional placement, with Trilegal advising the placement agents SBI Capital Markets, Jefferies India, and ICICI Securities.

Deals

CAM, Khaitan guide latest major India cement M&A

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising the Adani-held Ambuja Cement on its acquisition of 46.8 percent controlling stake in Orient Cement (OCL) for approximately $451 million. Khaitan & Co is representing OCL on the deal.