Singapore’s GIC is acquiring a 39% stake in public listed IT park owner Nirlon Ltd for 660-784 crore ($105-124 million) and has made an open offer to buy an additional stake of 28%, which could cost another 568 crore ($90 million), reports VCCircle..Amarchand Mangaldas and Wadia Ghandy & Co acted for GIC, while J. Sagar Associates advised Nirlon..The Amarchand team was led by Mumbai Managing Partner Cyril Shroff and Bangalore Corporate Partner Nivedita Rao along with Senior Consultant Ravi Kumar, while the Wadia Ghandy team was led by Partners Dhawal Mehta, Denzil Arambhan and Gaurav Gopal along with Associates Divyanka Kapoor and Aarushi Mishra.The JSA team was led by Partners Somasekhar Sundaresan, Vikram Raghani and Gautam Gandotra, along with Associate Suren Sundaram..HSBC Securities and Kotak Mahindra were the joint managers to GIC’s offer..GIC will hold a total 62.6% stake in Nirlon following the completion of the open offer assuming 100% response, reports ET..Image taken from here.
Singapore’s GIC is acquiring a 39% stake in public listed IT park owner Nirlon Ltd for 660-784 crore ($105-124 million) and has made an open offer to buy an additional stake of 28%, which could cost another 568 crore ($90 million), reports VCCircle..Amarchand Mangaldas and Wadia Ghandy & Co acted for GIC, while J. Sagar Associates advised Nirlon..The Amarchand team was led by Mumbai Managing Partner Cyril Shroff and Bangalore Corporate Partner Nivedita Rao along with Senior Consultant Ravi Kumar, while the Wadia Ghandy team was led by Partners Dhawal Mehta, Denzil Arambhan and Gaurav Gopal along with Associates Divyanka Kapoor and Aarushi Mishra.The JSA team was led by Partners Somasekhar Sundaresan, Vikram Raghani and Gautam Gandotra, along with Associate Suren Sundaram..HSBC Securities and Kotak Mahindra were the joint managers to GIC’s offer..GIC will hold a total 62.6% stake in Nirlon following the completion of the open offer assuming 100% response, reports ET..Image taken from here.