ALMT Amarchand Cleary and Morrison lead on Government of Indias stake sale in NMDC

Bar & Bench December 18 2012

The Government of India has sold 10 per cent stake in National Mineral Development Corporation (NMDC) pursuant to an Offer for Sale (OFS) through the Stock Exchange Mechanism for Rs. 5,913.79 crore. This is the second largest OFS by the Government of India (the largest being the ONGC OFS).

ALMT Legal acted as the domestic legal counsel to the Seller with a team led by Bangalore Partners Dhanya Menon and Rajat Bopaiah along with Senior Associate Arita Chatterjee.

Morrison Cohen LLP acted as the international legal counsel to the Seller with a team led by Partner Richard Baumann . . .

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