Punjab National Bank (PNB) is selling its stake in PNB Housing Finance to General Atlantic and Varde Partners for Rs 1,851.60 crore..Khaitan & Co acted for PNB and the team was led by Partner Vineet Shingal along with Principal Associate Radhika Agarwal, Senior Associate Shreya Dua and Associates Gautam Suseel and Amulya Sharma..Partner Arindam Ghosh and Director Sudhir Bassi advised on Regulatory aspects. Counsel Shailendra Bhandare and Associate Sourav Dan advised on IP aspects while Principal Associate Anisha Chand and Associate Anmol Awasthi advised on competition law issues.Bharucha & Partners acted for General Atlantic and the team was led by Partner Vandana Pai along with Associate Shraddha Jha.Shardul Amarchand Mangaldas advised Varde Partners and the team was led by Partners Iqbal Khan and Ambarish along with Principal Associate Faraz Khan, Senior Associate Mihir Roy and Associates Tanvee Vasudevan and Paavni Anand.Partner Harman Singh Sandhu along with Principal Associate Yaman Verma, Senior Associate Nitika Dwivedi and Associate Neetu Ahlawat advised on competition law aspect.Capital Markets Partner Nikhil Naredi advised on block trade queries.After the transaction, PNB will continue to hold a strategic stake of 19.78 per cent in PNB Housing, reported ET.
Punjab National Bank (PNB) is selling its stake in PNB Housing Finance to General Atlantic and Varde Partners for Rs 1,851.60 crore..Khaitan & Co acted for PNB and the team was led by Partner Vineet Shingal along with Principal Associate Radhika Agarwal, Senior Associate Shreya Dua and Associates Gautam Suseel and Amulya Sharma..Partner Arindam Ghosh and Director Sudhir Bassi advised on Regulatory aspects. Counsel Shailendra Bhandare and Associate Sourav Dan advised on IP aspects while Principal Associate Anisha Chand and Associate Anmol Awasthi advised on competition law issues.Bharucha & Partners acted for General Atlantic and the team was led by Partner Vandana Pai along with Associate Shraddha Jha.Shardul Amarchand Mangaldas advised Varde Partners and the team was led by Partners Iqbal Khan and Ambarish along with Principal Associate Faraz Khan, Senior Associate Mihir Roy and Associates Tanvee Vasudevan and Paavni Anand.Partner Harman Singh Sandhu along with Principal Associate Yaman Verma, Senior Associate Nitika Dwivedi and Associate Neetu Ahlawat advised on competition law aspect.Capital Markets Partner Nikhil Naredi advised on block trade queries.After the transaction, PNB will continue to hold a strategic stake of 19.78 per cent in PNB Housing, reported ET.
